MicroStrategy Preferred Equity Reclaims Par as 11.25% Yield Reopens Bitcoin Funding Tap

MicroStrategy’s perpetual preferred equity (STRC) reclaimed its $100 par value. The equity reached this level for the first time since mid-January.

Trading at or above par enables the company to resume at-the-market (ATM) offerings. MicroStrategy uses these offerings to fund its primary strategy of accumulating bitcoin.

The company recently increased the monthly dividend rate to 11.25%. This yield supported the preferred equity's price despite recent volatility in the broader cryptocurrency market.

MicroStrategy’s common stock (MSTR) closed down 5% during the previous trading session.