STRC slips below par as Strategy's (MSTR) cash reserves face growing scrutiny

Strategy's STRC slips below $99 as Strive captures investor attention

STRC has struggled to maintain its $100 target price, while Strategy's reduced cash reserves and dividend obligations are drawing increased investor attention.

Strategy's perpetual preferred security, Stretch (STRC), fell as low as $97.11 on Thursday as bitcoin BTC$73,675.03 slipped to the $73,000 mark.

STRC tends to face selling…