**[Strategy Preferred Stock STRC Drops to $82.53, Hitting Lowest Point Since July IPO Last Year]** Odaily Planet Daily News – Strategy's dividend-focused preferred stock Stretch (STRC) fell to as low as $82.53 on Tuesday, marking its lowest point since its IPO in July last year. The product currently offers an annualized dividend yield of 11.5%. Michael Saylor has previously compared it to money market funds and FDIC-insured bank accounts. Since STRC's listing, Strategy has issued over $10 billion worth of related shares to accelerate Bitcoin purchases. The company currently holds 846,842 Bitcoins, valued at approximately $53 billion at the time of writing. In April, Saylor stated that retail investors hold about 80% of STRC, estimating that around 3 million households have allocated funds to this product. In STRC's prospectus, Strategy disclosed that the value and liquidity of the preferred stock are influenced by market volatility, interest rate changes, the lack of a mature trading market, and its subordinated position relative to corporate debt. Last month, the company sold 32 Bitcoins to manage STRC's recurring costs and stated that its Bitcoin reserves could cover 32 years of dividends.