Strategy preferred stock dips below $100 after dividend payment

The price of Strategy's preferred stock (STRC) fell below its $100 benchmark in after-hours trading following its monthly dividend payment, CoinDesk reported. The outlet noted that historically, STRC's price has tended to drop by as much as 2% immediately after its ex-dividend date before recovering to the benchmark level. Strategy is estimated to have purchased an additional 2,280 BTC between Jan. 12 and Jan. 14 using proceeds from the STRC issuance.