#preferredstock

Strategy stopped buying Bitcoin, sold 3,588 BTC, and built a $3B cash shield to cover dividends and debt.

Strategy can fund STRC dividends for nearly 10 months, but the preferred's 25% discount shows retail trust is breaking.

STRC’s 0.70 Bitcoin correlation and 23% monthly drop are turning its 11.5% yield into a risk test for income buyers.

STRC's fall to $89 has frozen a key funding pipe Strategy used to buy more bitcoin, turning its flywheel into a cash problem.

Analysts warn STRC preferred stockholders are mispricing significant market risks amid potential secondary market liquidity contractions and rising government bond yields.