MSTR Stock Falls to Two-Year Low as STRC Preferred Shares Drop Below $100 Par Value

According to CryptoQuant, MSTR stock fell below $100 on Wednesday, reaching its lowest in two years as its variable-rate perpetual preferred shares STRC traded near $84, well below the $100 par value designed to fund the company's Bitcoin buying strategy.

On Friday, MSTR closed at $103.84, down about 5% for the week. CryptoQuant Head of Research Julio Moreno estimated that Strategy would need approximately $2.8 billion in cash reserves to restore 24 months of dividend coverage, against $1.2 billion in annualized dividend obligations. The company currently holds 847,363 BTC and maintains roughly $1.4 billion in cash reserves.