Michael Saylor's STRC has traded below par for five months
- —STRC has traded below $100 since May 15, missing Strategy's parity goal
- —Strategy bought back hundreds of millions in STRC without restoring par
- —MSCI will delist MSTR from its Global Investable Market Indexes
- —Strategy reports Q3 results on October 29
Why it matters: Persistent weakness in STRC undermines Strategy's perpetual-preferred funding model and could constrain further bitcoin purchases.
Source: Protos
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Exchanges · Oct 18Saylor says Wall Street credit investors wanted cash, not bitcoin, behind STRC