dividend yield

Strategy

2026-06-26 06:01:35

Strategy's Perpetual Preferred STRC Sees Correlation with Bitcoin Rise to 0.70, Discount to Par Undermines Fundraising Ability

According to CoinDesk, the 90-day correlation coefficient between Strategy's perpetual preferred stock STRC and Bitcoin has reached nearly 0.70, the highest since its launch in July 2025. This erodes STRC's appeal as a relatively stable yield instrument. STRC has fallen 23% this month to $76, well below its $100 par value, while Bitcoin dropped nearly 20% to below $60,000. The current annual dividend yield of 11.5% is offset by the discount to par, which limits Strategy's ability to raise capital through new STRC issuance to buy more Bitcoin. The heightened correlation and price decline signal increased risk premium demanded by the market.

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STRC

2026-06-26 05:01:15

STRC-BTC Correlation Surges to 0.70, Undermining Strategy's Preferred Stock as Safe Haven, Hindering Fundraising

The 90-day correlation coefficient between Strategy's perpetual preferred stock STRC and Bitcoin has risen to nearly 0.70, the highest since its July 2025 launch. STRC tumbled 23% this month to $76, well below its $100 par value, while Bitcoin fell nearly 20% to below $60,000. The high correlation weakens STRC's appeal as a relatively stable yield instrument, and its below-par trading limits Strategy's ability to raise capital through new STRC issuances to buy Bitcoin. The current annualized dividend yield of STRC stands at 11.5%.

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Bitmine Immer

2026-06-05 16:00:50

Bitmine Immersion Technologies Prices Upsized Series A Perpetual Preferred Stock, Raising $273.8M for ETH and Digital Asset Buys

Bitmine Immersion Technologies has priced its upsized Series A perpetual preferred stock offering at 3.5 million shares at $80 each, expecting to close on June 10, 2026, with net proceeds of approximately $273.8 million. The funds will be used for general corporate purposes including accumulating ETH and other digital assets, expanding staking and validation infrastructure, advancing plans via MAVAN, and strategic investments in the Ethereum ecosystem. The preferred shares carry a 9.50% annual dividend yield.

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