ChainThink reports that on March 18, Strategy founder Michael Saylor stated that the volatility of the perpetual preferred stock STRC has dropped to a historic low of 1.5%, pushing its Sharpe ratio to a record high of 5.37, setting a new standard for risk-adjusted performance.
According to the official STRC data dashboard, STRC's current price is $99.88, with an effective yield of 11.51%. The 30-day historical volatility has reached a record low of 1.5%, and the Sharpe ratio has hit a record high of 5.37, indicating that STRC delivers high returns with low risk.
ChainThink Note: STRC is a floating-rate perpetual preferred stock issued by Strategy, positioned as a short-term, high-yield credit product, priced near $100, with monthly cash dividends that are adjusted monthly. Strategy raises funds through continuous new issuances of STRC to purchase BTC, leveraging the common understanding that the total value of BTC holdings should be lower than MSTR’s market capitalization to boost its listed market cap, and continues issuing STRC in hopes of creating a positive feedback loop. The internalized leverage amplifies the greater volatility of MSTR’s stock price relative to BTC, making it effectively a leveraged way to invest in Bitcoin.