Strategy's preferred stock STRC trades below $90

Strategy's preferred stock, STRC, continued its decline, trading below $90 for the second consecutive day and reaching an intraday low of $82.50 before closing at $88.59. This marks one of the highest trading volume days on record for STRC, with approximately 10.7 million shares exchanged, significantly above its typical daily average. The stock's persistent trading below its initial $100 par value, a level it has not seen since its IPO in July 2025, raises questions about its performance and investor sentiment.