ChainCatcher reports that, according to CoinDesk, the perpetual preferred stock STRC issued by Strategy regained its $100 face value during U.S. trading hours on Wednesday, marking the first time since mid-January.
This price level is a key threshold for the company to initiate a market price offering to further increase Bitcoin holdings. STRC previously reached $100 on January 16, when Bitcoin was around $97,000. On February 5, when Bitcoin dropped to $60,000, STRC briefly fell to $93, but has recently recovered to its face value along with the market rebound. The product uses a monthly dividend reset mechanism, with an current annualized dividend rate of 11.25%, aimed at smoothing volatility and encouraging trading prices to approach face value.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Cryptocurrency lending platform Ledn issues its first Bitcoin-backed ABS market... reaching a size of $188 million
Ledn Inc. issued $188 million in Bitcoin-backed Asset-Backed Securities (ABS), marking the first such transaction in the market. The bonds consist of two tranches, with the investment-grade tranche having a spread of 335 basis points over the benchmark rate. The asset pool includes 5,400 Bitcoin-backed loans with an average annual interest rate of 11.8%. The transaction aims to reduce Bitcoin price volatility risk, and Ledn can protect investors through an automatic liquidation system. This transaction represents the expansion of traditional financial securitization techniques into the cryptocurrency lending sector.
TechubNews19m ago
Bitcoin Stagnates as 'Satoshi Freeze' Debate Collides With Middle East War Drums
Bitcoin traded flat near $66,000 on Feb. 18, showing little momentum despite sharp intraday swings. The day’s debate centered on comments from Cryptoquant’s CEO, Ki Young Ju, who questioned whether dormant coins — including Satoshi Nakamoto’s 1.1 million bitcoins — should ever be frozen at the
Coinpedia1h ago
BTC drops below 66,000 USDT
Gate News bot message, Gate market display, BTC drops below 66,000 USDT, current price 65,997.9 USDT.
CryptoRadar2h ago
XRP Trades Near $1.45 Support as Bitcoin Fractal Comparison Emerges
XRP is trading in a narrow band of between $1.45 and $1.61 after falling by 7.0 per cent in a single day.
XRP was up 5.1 percent versus Bitcoin and traded at 0.00002174 BTC even though the USD pair was weak.
EGRAG CRYPTO emphasizes that it is a Bitcoin fractal comparison, which is
CryptoNewsLand2h ago
