
Strategy enterprise mNAV falls below 1 as STRC hits record low
Strategys enterprise mNAV fell below 1 as STRC hit a record low and Bitcoin traded near $60,000, pressuring its funding model.

Strategys enterprise mNAV fell below 1 as STRC hit a record low and Bitcoin traded near $60,000, pressuring its funding model.

Strategy's STRC briefly fell to a record low of $71.40 on Friday, leaving the preferred shares about 25% below par.

The STRC's decline highlights risks in financial engineering over utility, potentially deterring similar corporate Bitcoin strategies.

"Financial engineering does not drive long-term value ... long-term value of any digital asset is going to be driven by utility," said Garlinghouse.

Strategy’s dividend-paying STRC hit another all-time low today after losing one quarter of its value over the past 30 days alone.

Strategy’s flagship preferred stock tumbled again when U.S. markets opened, setting another record low as Bitcoin lingered below $60,000.

Three Strategy officials published separate posts within hours Friday defending the company's balance sheet, as bitcoin fell to around $59,600 and STRC preferred shares traded near historic lows.

The Rosen Law Firm opened a securities investigation into Strategy and is soliciting shareholders for a potential class action, as MSTR hit a two-year low below $100 and its STRC preferred traded about 26% below par.

Bitcoin Magazine Michael Saylor Responds to Scrutiny as Strategy Shares and STRC Hit 52-Week Lows Michael Saylor took to X to defend Strategy's long-term Bitcoin-focused strategy after MSTR and its preferred shares hit new lows. This post Michael Saylor Responds to Scrutiny as Strategy Shares and STRC Hit 52-Week Lows first appeared on Bitcoin Magazine and is written by Micah Zimmerman .
Bitcoin slips to $59,500 as $800M in longs liquidate, Deribit options expire, and the MSTR/STRC flywheel faces scrutiny. Key support at $57,926 200-week MA.

Strategy’s Bitcoin holdings have fallen roughly $12 billion below their purchase cost, placing the company’s capital-raising model under its sharpest pressure since it accelerated its Bitcoin treasury strategy. The company held 847,363 Bitcoin as of June 21, acquired for an aggregate $64.1 billion at an average price of $75,651. With the top crypto recently trading […]


STRC traded as low as $73.62 on the Nasdaq today — 26.4% below the $100 price that the stock is meant to hold.
Bitcoin treasury companies show textbook bubble signs as MSTR loses $100 support and STRC trades below par value.

Saylor's potential Bitcoin sales signal a strategic shift, highlighting the challenges of balancing innovation with financial stability.

Rosen Law Firm announced this week that the business is investigating potential securities claims against Strategy Inc. and Executive Chairman Michael Saylor, as the company’s stock hit a 52-week low on Thursday and its flagship preferred shares collapsed to record lows. The New York-based plaintiff firm is soliciting investors who purchased Strategy securities, including MSTR […]

MicroStrategy's STRC preferred stock crashed 25% below par as Bitcoin slid, but Saylor faces no forced-sale crisis.

For the past year, Strategy has been issuing and tapping preferred securities like STRC to raise capital for additional bitcoin purchases.

Strategy's Series A perpetual preferred stock has fallen to record lows around $73-78, down roughly 25% from its $100 par value in two weeks, as a leverage-driven selloff accelerates despite the company's bitcoin balance sheet staying intact.