Strategy preferred stock STRC hits all-time low below $82

Strategy's perpetual preferred stock, STRC, has dropped below $82 to a new all-time low, BlockBeats reported. The company has consistently issued the stock near its $100 par value, using the proceeds to purchase Bitcoin. However, with the price now under $82, issuing new shares to raise capital would represent a substantial loss for the company, significantly hampering its ability to acquire more BTC.