[Strategy STRC Falls Below $99, Cash Reserves Drop to Approximately $871 Million] Odaily Planet Daily reports that STRC once dropped to $97.11 before rebounding and closing at $98.57. Strategy's ability to use ATM issuance to position this preferred security as a financing tool continues to draw attention. After repurchasing $1.5 billion in convertible debt, Strategy's cash reserves have fallen to approximately $871 million, which can only cover about six months of its estimated $1.7 billion annual preferred dividend obligations. Strive's perpetual preferred security SATA remains close to its $100 par value, supported by an approximately 13% dividend yield and the company's plan to introduce daily payouts. (CoinDesk)