Here's a path for $STRC to return to par:
1. Monday morning, June 8: @saylor announces a large green dot replenishing the USD Reserve from selling $MSTR this week. Credit enhanced.
2. Shareholder approval announced on June 9th going to 2x monthly
3. June 15th ex div qualifies for the 11.5% ($.96/sh) June dividend payable June 30
4. June 16th: STRC July bi-monthly dividend announcement raised to 12.5% from 11.5%.
5. June 30: 1st bi-monthly dividend record date
The STRC ATM is humming.
We‘ve been above $100 since market opening so far.
$36 million in volume.
Which means that Strategy has purchased 200+ highly discounted Bitcoin so far.
The product is working as intended.