Down the STRC ⬇️

Strategy's STRC preferred stock slipped to more than 25% below its $100 par value Thursday, as Bitcoin plunged to lows under $59,000.

Author

Stephen Graves
June 25, 2026

ua

📝 What you need to know

Bitcoin and Strategy keep taking hits, as the treasury firm’s STRC preferred shares tumbled in lockstep with BTC Thursday. STRC plunged to 25% below its “par value” of $100, while Bitcoin slipped to a 21-month low under $59,000, a monthly drop of 20%.

As Strategy bleeds, analysts weighed in, with CryptoQuant’s Julio Monero arguing that the firm’s lack of available cash is compounding pressure on STRC. Strategy should pause Bitcoin buys and shore up its cash reserve, Moreno argued—but given the market’s response the last time it paused its unrelenting BTC acquisition spree, it’s likely that would set Bitcoin sliding further.

Small wonder, then, that retail investors are looking beyond crypto for risk assets, snapping up shares in fast-food chain Wendy’s in the hope it’ll become the next GameStop.

Bitcoin Plummets Lower as Strategy's STRC Dives Further From $100 Mark

The price of Bitcoin rapidly fell to nearly $58,000 after Strategy's STRC preferred shares notched a new low and MSTR fell alongside.

📰 In the News

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📊 Myriad Insight of the Day

Will Strategy hold over 1M BTC before 2027?
YES 16%84% NO
  
Why it matters
Bitcoin plunged under $59,000 Thursday to a 21-month low, as Strategy's STRC preferred stock dove to 25% below its $100 par, per Decrypt. Strategy holds 847,363 BTC and would need to add 152,637 by year-end to clear 1 million. Strategy's most recent announcement saw it padding its cash reserves to $1.4 billion and throttling its Bitcoin buys as it seeks to meet preferred dividends. YES sits at 16%.
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📚 Watch, Listen & Learn

📹️ WATCH: Strategy’s MSTR & STRC Crash to 52-week Lows, Micron Stock Up 19%, World Cup Predictions

🎧 LISTEN: The Decrypt News roundup with TylerD - June 25th

Strategy’s MSTR and STRC Crash to 52-Week Lows, dragging BTC down with it. But a massive Micron earnings beat has lifted global markets overnight.

🎓️ LEARN :What Is Strategy (MSTR)? The Bitcoin Treasury Company

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