TLDR:Rosen Law Firm has launched a securities investigation into MicroStrategy over alleged misleading STRC claims by Michael Saylor.STRC preferred stock has dropped over 22% from its $100 par value, trading as low as the low $80s in June 2026.Strategy’s annualized STRC dividend rate has climbed to 11.50%, adding tens of millions in additional annual payout obligations.Strategy sold 32 BTC in late May 2026 to cover dividends, marking its first disclosed net Bitcoin disposal in years.Rosen Law Firm has opened a formal investigation into MicroStrategy, now rebranded as Strategy Inc., over potential securities claims tied to STRC preferred stock. The probe follows allegations that co-founder Michael Saylor made misleading promises of guaranteed returns to investors. STRC has since dropped over 25% from its $100 par value. Shareholders holding MSTR common stock and preferred securities: STRF, STRC, STRK, and STRD are covered under the investigation.Rosen Law Firm Targets Saylor’s Alleged Misleading Promises to STRC InvestorsRosen Law Firm is preparing a class action to recover losses for affected Strategy investors. The investigation centers on whether Saylor’s public statements on STRC constituted materially misleading business information. Investors who purchased Strategy securities may be entitled to compensation through a contingency fee arrangement, with no out-of-pocket costs required.The firm directed affected investors to take immediate action. “To join the prospective class action, go to rosenlegal.com/cases/strategy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action,” the firm stated in its announcement.Rosen Law Firm has a documented track record in securities class action litigation. The firm ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has remained in the top four each year since 2013. It has recovered hundreds of millions of dollars for investors globally, securing over $438 million in 2019 alone.The investigation comes as MSTR common shares have fallen to a 28-month low in June 2026. Losses on MSTR have far exceeded Bitcoin’s own drawdown over the same period. This widening gap has drawn fresh scrutiny toward the company’s leveraged Bitcoin acquisition model and Saylor’s public representations to investors.STRC Preferred Stock Collapse Raises Questions on Strategy’s SustainabilitySTRC has traded as low as the low $75s in recent sessions, down more than 25% from its $100 par value target. The preferred stock was originally structured to provide stable, low-cost funding for Bitcoin purchases. That structure has since deteriorated under sustained market pressure throughout June 2026.Source: YahooFinanceThe firm underlined the importance of selecting experienced legal counsel for affected investors. “We encourage investors to select qualified counsel with a track record of success in leadership roles,” Rosen Law Firm noted, adding that many firms issuing similar notices lack comparable experience or meaningful peer recognition.Under STRC’s contractual terms, when the stock falls below the $95 threshold, the dividend rate increases by 0.5% increments. The annualized rate currently sits at 11.50%, with effective yields climbing higher due to the discounted trading price. Additional annual payout obligations are now estimated in the tens of millions of dollars.Strategy’s cash cushion supporting these dividends has narrowed sharply from multi-year coverage to roughly 14 months in some analyst estimates. The company also sold 32 BTC in late May 2026 to help cover dividend payments: the first disclosed net Bitcoin disposal in years. Unrealized paper losses on Strategy’s Bitcoin holdings are reported to exceed $10 billion, as questions around capital sustainability and the company’s broader Bitcoin development narrative continue to grow.The post Rosen Law Firm Investigates MicroStrategy Over Michael Saylor’s Alleged Misleading Claims on STRC appeared first on Blockonomi.