Strategy’s STRC nears $100 level that could reopen a Bitcoin funding channel

Strategy shareholders approved an amendment that allows the company’s four US-listed preferred securities to accrue daily dividend payments. Executive Chairman Michael Saylor said preliminary results from the Oct. 28 vote showed 99.3% of votes cast backed the change. The affected preferred securities are the company’s STRC, STRF, STRK and STRD preferred issues. The approval came as the company’s STRC preferred stock closed just eight cents below its $100 stated value.