Michael Saylor Says STRC Aims to Trade at $99 to $100

Michael Saylor, founder of Strategy (MSTR), said STRC is intended to trade at $99 to $100.

In a post on X on July 1, Saylor wrote that "the goal is for STRC to trade at $99 to $100."

Strategy previously raised STRC's annual dividend rate to 12%.

STRC is a dividend-focused preferred stock designed to help finance Strategy's Bitcoin purchases.