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Bitcoin price nears $63K after 47% yearly drop; Strategy's STRC preferred stock returns 9% with 12% dividend.

Market News
16 Aug 2026
Blockonomi
View Source
Neutral
Bitcoin price nears $63K after 47% yearly drop; Strategy's STRC preferred stock returns 9% with 12% dividend.

Bitcoin's price hovered near $63,069 following a 47% decline over the past year, with key support at $61,126 and resistance at $63,517. Michael Saylor highlighted that Strategy's STRC preferred stock, part of its digital credit products, returned 9% despite Bitcoin's losses, offering a 12% variable dividend paid semi-monthly. STRC aims to trade near its $100 par value, providing income and reduced downside risk compared to holding Bitcoin directly, though it carries issuer and liquidity risks. Market watchers will monitor Bitcoin's price movements and Strategy's dividend and repurchase activities to assess STRC's stability and future performance.

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