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Laura Shin highlights ongoing challenges for Strategy's STRC bitcoin-backed preferred stock, which continues to trade below its $100 par value.
Shin points out that a rebound in bitcoin prices, a shift to a bi-monthly dividend payment cycle, and the company's recent addition of $300 million have all failed to lift the preferred stock back to its intended level.
Shin has previously examined new investment products tied to bitcoin, including BlackRock’s launch of BITA, a covered-call ETF offering both exposure and yield. She has also highlighted shifting market sentiment and technical factors for Ethereum in a separate analysis of Wall Street’s position on ETH. These reports reflect her ongoing focus on how structural changes impact crypto-linked securities.