Strategy’s STRC preferred stock closes day 11% under par at $89

Strategy's STRC preferred stock took a significant hit, closing 11% below its par value at $89 on its first trading day, marking its lowest price since issuance in 2025. This substantial drop highlights potential investor concerns about the company's financial health or market perception, which could lead to further scrutiny and possibly impact the firm's ability to raise capital. Investors and analysts will likely be watching closely to see if this trend continues and what underlying factors might be driving such a significant decline.