STRC below $100, Jain questions 12% returns
2026-08-22 20:01:06
According to CoinMeta, the preferred stock of STRC remained at $95.31 even as Bitcoin rose to around $77,125, failing to return to its designated value of $100. Tushar Jain, co-founder of MultCapital, stated that the 12% dividend of STRC is not sufficient to cover the risks faced by investors. He pointed out that despite Bitcoin's recent rebound, the dividend of STRC remains too low, preventing it from recovering to its designated value. On August 21, the stock price closed at $95.31, 4.69% below the designated amount of $100. Although the stock price has rebounded significantly since its June low of $71.25, it has not yet returned to the level that the strategy hoped to maintain.
Source:Cryptonews
This content is for market information only and does not constitute investment advice.
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