MicroStrategy raise STRC coupon go 11.50% as MSTR dey drop as dem still dey collect BTC

MicroStrategy don raise di annualized coupon for dia perpetual preferred STRC to 11.50% for March 2026, na 25-basis-point increase wey dem do to keep STRC dey trade near $100 par and give steady monthly yield. Michael Saylor announce di change for social media and company confirm am. Dem don adjust STRC coupon many times since e launch for July 2025 and e still dey demand despite wider crypto weakness. Company talk say dem raise about $7 billion last year through STRC and other perpetual preferred offerings and dem plan to favor preferred capital instead of issuing common stock for Bitcoin treasury purchases. On top that, MicroStrategy common stock (MSTR) don weak well-well: MSTR drop about 14% for February — e eight month straight wey e don dey fall — after Q4 2025 net loss of $12.4 billion. MSTR recently dey trade around $129.50, far below late‑2024 highs. MicroStrategy still dey accumulate Bitcoin, dem buy 592 BTC mid‑February at average price of ~$67,286, make disclosed holdings reach 717,722 BTC with average cost basis near $76,020 and unrealized loss of about $6.5 billion. Management signal say dem fit do more weekly buys. Critics warn of downside risk, but executives say company fit meet obligations even if BTC fall deep. Implications for traders: di STRC dividend hike fit attract yield-seeking capital into MicroStrategy preferred instruments and give some support for STRC and MSTR liquidity. But BTC price still be di main risk driver — if BTC weak and big unrealized losses dey for treasury, e go keep pressure on MSTR. Traders suppose monitor BTC support levels (especially near mid-$60k) and STRC/MSTR liquidity; dividend adjustments fit shift capital flows but no likely to offset major BTC-driven moves. Dis na information, no be investment advice.
Neutral
Di nyuz be im we go affect market well-well because STRC coupon hike na tactical financing move we fit attract people we dey find yield and e fit give small support to STRC and MSTR prices, but e no change MicroStrategy main exposure to Bitcoin. For short term, higher preferred yields fit ginger demand for STRC and improve liquidity, wey fit indirectly support MSTR by reducing funding stress. For medium to long term, MSTR valuation and the company financial stability still tight to Bitcoin price and unrealised losses for their treasury. If BTC fall big, e go likely overshadow any good effect wey financing tweaks get. So, immediate price impact small and conditional: e go support preferred instruments and liquidity, but overall neutral for BTC price — and by extension mixed/neutral for MSTR — unless BTC trend change sharply.