Strategy Shares Fall to 4-Month Low as STRC Dips and Bitcoin Sinks Under $60K
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- Strategy' stock fell to $114 (low) and closed at $120, down nearly 7%.
- Strategy sold 32 Bitcoin for $2.5 million, leaving its Bitcoin holdings $13.7 billion underwater.
- STRC (Strategy’s preferred stock) dropped 3.6% to $93, below its $100 par value.
- Bitcoin price fell to $59,227 (lowest since 2024) before rising to $60,311, down about 5% in 24 hours.
- Mark Palmer of Benchmark‑StoneX said the STRC pullback is within the expected range and not a real concern for Strategy.
Why it matters: Strategy’s shareholders see a near‑7% drop in common stock value and a 3.6% fall in preferred stock, while the $2.5 million Bitcoin sale reduces the firm’s crypto exposure, potentially limiting dividend‑funding capacity.
