Cantor Fitzgerald: Strategy's top priority is restoring STRC par value

Wall Street investment bank Cantor Fitzgerald has analyzed that the top priority for Strategy (MSTR) is the recovery of its preferred stock, STRC, to its par value of $100. According to CoinDesk, Cantor Fitzgerald expressed increased confidence in Strategy's management after meeting with Chairman Michael Saylor, particularly regarding plans to stabilize the company's financial position and resume capital raising. The bank explained that STRC should be seen as the foundation of Strategy's financing model, rather than viewing preferred stockholders, common stockholders, and BTC investors as groups with conflicting interests. Cantor Fitzgerald anticipates that Strategy will continue to build up its cash reserves to fund dividends until STRC reaches its par value. The recent extension of its dividend payment capacity from approximately 10 to 18 months is seen as the first step in this process. While additional measures like share buybacks are possible if necessary, expanding cash reserves is the primary strategy. The bank believes that once STRC recovers its par value, the MSTR stock price will also rise, increasing the company's ability to purchase more BTC through further stock offerings.