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Strategy's STRC Preferred Stock Approaches $100 Level After Daily Dividend Approval
(3 hours ago) · 1 source · Summarized by CryptoBipto
Strategy's STRC preferred stock is nearing the $100 level after the company reportedly received approval for daily dividends. This price level is significant because the company has previously used preferred stock offerings as a mechanism to fund Bitcoin purchases.
WHY IT MATTERS
Think of preferred stock like a special type of company ownership that pays regular dividends, similar to how a savings account pays interest.
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SOURCES
- cryptoslate.com
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