Markets
What to know:
- Ah, the perennial Stretch (STRC), that ever-elusive perpetual preferred equity from the illustrious bitcoin treasury company Strategy (MSTR), has bravely reclaimed its $100 par value in pre-market trading this fine Wednesday morning. Truly a heroic return worthy of an epic tale!
- At this princely level, Strategy is poised to unleash a torrent of stock sales through at-the-market offerings-because why not fund more BTC purchases when you can? 🤑
- STRC, flaunting its 11% dividend like a prized trophy, last graced the par stage between Nov. 4 and Nov. 13 before taking a nosedive to a lowly $90. A classic comeback story!
Stretch (STRC), the perpetual preferred equity so generously gifted by Strategy (MSTR)-the undisputed heavyweight champion of corporate bitcoin holders-has returned triumphantly to the hallowed ground of $100 in pre-market trading for the first time since early November. Doors are flung wide open for fresh stock sales to further bolster those BTC purchases. What a time to be alive!
This equity, a veritable beacon of hope amidst the stormy seas of finance, last traded at such lofty heights between Nov. 4 and Nov. 13, only to plummet near the abyss of $90. But fear not, dear investors! The return to par now enables Strategy to issue shares through at-the-market (ATM) offerings tied to this mighty product.
BRAND NEW! This equity is marketed as short-duration, high-yield credit-sounds fancy, doesn’t it? It currently offers an 11% annual dividend, graciously distributed monthly in cash, because who doesn’t love a little pocket money? The dividend rate is reset monthly, all part of a cunning plan to encourage trading around the $100 par value and lessen price volatility. Quite the strategic maneuver, if I do say so myself!
Since its inception, STRC has surged a remarkable 16%, promising an effective yield of approximately 11%. The annualized yield? Oh, that’s merely calculated as the current dividend divided by the STRC share price-simple math for the savvy investor.
In a dramatic twist, MSTR raised the dividend rate on STRC to a dazzling 11% at the dawn of this year, marking its fifth increase since this product made its grand debut in July. Meanwhile, the company’s common stock is up a modest 4% in pre-market trading to $165, while STRC sees a slight bump of 0.03% at the glorious $100 mark. What a spectacle!
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2026-01-07 15:47