How STRC lost its par: The timeline behind Strategy's preferred-stock meltdown

CoinDesk 2026-06-20 13:00:00
Context: Strategy's preferred stock, denoted as STRC, faced a significant meltdown due to a series of events that unfolded over time, including a bond buyback and dwindling cash reserves, which ultimately led to a marketwide debate. The sequence of events that led to this downfall is crucial in understanding the challenges faced by STRC. This timeline of events provides insight into the factors that contributed to STRC losing its par value.

Key Facts

  • Strategy's preferred stock, STRC, experienced a meltdown due to a combination of factors including a bond buyback and dwindling cash reserves, which were further exacerbated by a bitcoin bear market.

Summarised in seconds by Grasp AI

Cut out the noise. Build your own custom factual news feed for free, or summarise any article instantly.

Create your free dashboard