Strategy fails to restore STRC to $100 parity

Four months after pledging to restore its dividend vehicle STRC to a $100 peg, Strategy has yet to achieve parity. Despite a shift in business model toward repurchasing STRC shares instead of buying Bitcoin, the asset peaked at $99 on Monday before falling back to nearly $97 on Tuesday. The failure of the CLARITY Act (US digital-asset market-structure bill) further impacted the company's stock, which dropped 7% on the day.