Bitcoin24h $59,695.17-1.97%

Ethereum24h $1,566.12-3.28%

BNB24h $561.29-0.49%

XRP24h $1.04-2.91%

Solana24h $67.76-0.09%

TRON24h $0.3235-1.11%

Hyperliquid24h $63.53+0.20%

Dogecoin24h $0.0748-1.79%

UNUS SED LEO24h $9.34-0.90%

Zcash24h $414.98+0.32%

STRC crashes as Strategy’s unrealized BTC losses exceed $13 billion

STRC traded as low as $73.62 on the Nasdaq today — 26.4% below the $100 price that the stock is meant to hold.

Michael Saylor wants $100 STRC — the market says different

Strategy’s STRC is trading well below $100 with just one week to go until its dividend snapshot date, leaving Strategy with few options.

Strategy once claimed to have seven decades of dividend coverage from its BTC holdings. Now it has only three.

Between its dividend snapshot dates, holding Strategy’s STRC is risky and full of historical examples of downside volatility.

Jack Mallers asked Michael Saylor to explain the true meaning of multiple-to-Net Asset Value and everyone got confused.