Strategy's bitcoin-backed preferred stock remains well below par value as concerns over dividend coverage and stronger competition from Strive's SATA. STRC closed at $91.79, its third-lowest close since launch, while trading nearly 8% below its intended $100 par value. Investors are increasingly favoring Strive's SATA, which offers a higher yield, daily dividend payments, and a debt-free capital structure. Strategy's (MSTR) dividend-paying preferred stock, STRC, closed at $9…
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