The "crack" in Saylor's Strategy 💔

With Strategy's preferred stock STRC trading under $100, experts are divided over whether the sale has exposed a “structural crack” in the Bitcoin treasury firm's flywheel.

Author

Stephen Graves
June 03, 2026

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📝 What you need to know

Bitcoin treasury company Strategy’s about-face on its “never sell” policy compounded the pressure on a beleaguered crypto market, with Bitcoin plummeting to under $66,000 Wednesday.

Strategy Chair Michael Saylor had teased the firm’s (comparatively miniscule) BTC sale weeks earlier, saying that he wanted to “inoculate” the market—but his timing has been called into question, with analysts at odds over whether the vaccine has proved to be worse than the disease.

With Strategy's preferred stock STRC trading under $100, experts are divided over whether the company's BTC sale has exposed a “structural crack” in the Bitcoin treasury firm's flywheel. The counter-argument paints Strategy’s Bitcoin sales as fundamentally sound balance-sheet decisions, if poorly timed, sending sentiment plummeting during a market dip.

Kill or cure? Doctor Saylor will see you now…

Strategy Wanted to 'Inoculate' the Bitcoin Market—Has Its BTC Sale Backfired?

With STRC trading under $100, experts are at odds over whether the sale has exposed a “structural crack” in Strategy’s Bitcoin flywheel.

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Will Revolut announce the launch of its own stablecoin before July?
YES 15%85% NO
  
Why it matters
Revolut's U.S. CEO Cetin Duransoy told Reuters Tuesday that its forthcoming U.S. bank—opening in 2027—will offer customers access to stablecoins alongside FDIC-insured accounts and crypto trading. But stablecoin access isn't the same as launching Revolut's own, and Decrypt reported last year that the fintech has been "actively exploring" a proprietary token without committing. With 27 days to the deadline, NO has held over 80% since April.
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📚 Watch, Listen & Learn

📹️ WATCH: Bitcoin’s Saylor Problem, Hype Breaks Out, and Alts Are Going Big - UnderExposed

🎧 LISTEN: The Decrypt News roundup with TylerD - June 3rd

Bitcoin just fell below $67,000 as Saylor’s selling fallout spreads. Bernie Sanders and Elizabeth Warren want crypto out of your 401(k). And Coinbase just made a very public bet on Ethena.

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