[Strategy's Preferred Stock STRC Closes 11% Below Par Value at $89] According to The Block, Strategy's preferred stock STRC closed at $89 on Wednesday, down 11% from its $100 par value, after hitting an intraday low of $88.50, marking its lowest closing price since listing. STRC currently offers an effective dividend yield of 12.9%, aiming to maintain a stable price of around $100 through monthly interest rate adjustments. When the stock price is above par value, Strategy issues new shares to purchase Bitcoin, but this plan has been suspended while STRC trades at a discount. STRC is Strategy's most liquid and actively traded preferred stock, with a trading volume of $417.5 million today. Competitor Strive's SATA traded above $99 on Wednesday, with a dividend yield of 13.69%, outperforming STRC.