Strategy’s STRC falls to $91 as investors flinch at latest BTC buying
Cointelegraph 2026-06-17 05:58:33
Context: Strategy's perpetual preferred stock, STRC, has fallen to near record lows as investors express concerns over the company's recent Bitcoin acquisitions. The stock's decline is linked to its latest purchase of 1,587 Bitcoin for around $100 million, which some traders view as an unsustainable path for STRC. This development has significant implications for the company's financial strategy and investor sentiment.
Key Facts
- Strategy's perpetual preferred stock STRC fell by 3.58% to $91.79 on Tuesday, 8.2% below its target value of $100, following the company's recent Bitcoin buying.
- The company's latest Bitcoin acquisition, which consisted of 1,587 Bitcoin for around $100 million, has raised concerns among traders that its path for STRC is unsustainable.
- Markus Thielen, CEO of 10x Research, stated that "it appears traders are seeing the latest BTC acquisition as an unsustainable path for STRC," and that "the market would rather see MicroStrategy not acquiring more BTC and rather keep the cash for dividend payments."
- The current effective yield of STRC has increased to 12.5% due to the stock's decline, which may require the firm to use its cash to support the yield rather than spending it on more Bitcoin purchases.
- Strategy's total Bitcoin holdings now stand at 846,842 Bitcoin, following its recent purchases of 1,587 and 1,550 BTC for around $100 million each in the previous two weeks.