On June 29, MicroStrategy Inc. Perpetual Stretch Preferred rose 8.72% in regular trading, trading at $80.78/share, with turnover of $81.64 million.
On the news front, Strategy announced that its digital credit buyback program includes STRC, STRF, STRD, and STRK, directly boosting market sentiment. Additionally, Arkham analysis previously clarified that STRC, as a perpetual preferred stock, carries no legal obligation for Strategy to prioritize dividend payments, meaning there is no forced liquidation risk — directly addressing market fears comparing it to the next LUNA collapse.
STRC had previously plunged to a low of $73, representing a discount of over 25% to its $100 par value, amid extreme bearish sentiment. The confirmation of the buyback plan, combined with the relief of panic over forced liquidation scenarios, triggered a technical oversold recovery. The broader context includes Strategy's stock declining over 80% from its high, with its mNAV ratio falling below 1x, raising questions about the sustainability of its Bitcoin acquisition financing model.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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