STRC depegged, slightly bearish for MSTR and Bitcoin. STRC was originally designed to trade around $100, but its recent price has consistently stayed below $90. The dividend yield has risen above 12%, and investors are unwilling to subscribe to new shares at $100. This has led to a decline in the company's financing ability, making it unable to increase its Bitcoin holdings. At the same time, with the rising dividend yield, the company needs to sell Bitcoin to cover the continuously increasing interest payments. #STRC