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Strategy's STRC preferred stock drops as Bitcoin weakens; Strive's preferred shares gain investor interest.

Market News
29 May 2026
Tokenpost
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Neutral
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Strategy's STRC preferred stock fell to $97.11 amid Bitcoin's decline toward $73,000, reflecting investor sensitivity to Bitcoin's price. The stock typically drops after Bitcoin pullbacks and ex-dividend dates, impacting Strategy's capital flexibility. Despite repurchasing $1.5 billion in debt, Strategy's cash reserves dropped significantly, covering only six months of preferred dividends. Executive Chairman Michael Saylor outlined options like selling Bitcoin or issuing shares to support dividends. Meanwhile, competitor Strive's preferred stock SATA, offering a 13% yield and a clean balance sheet, has surged 110%, outperforming Strategy and Bitcoin, signaling investor preference for higher yields and stronger balance sheets in 2026.

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