Bitcoin24h $59,181.34-0.63%

Ethereum24h $1,557.46-0.72%

BNB24h $552.53+0.06%

XRP24h $1.03-2.31%

Solana24h $65.73+0.15%

TRON24h $0.3238-0.52%

Hyperliquid24h $62.44+3.93%

Dogecoin24h $0.0731-0.88%

UNUS SED LEO24h $9.41-0.37%

Zcash24h $393.96-2.33%

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.

STRC at all-time low as Strategy loses 40 years of dividend coverage

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

BTC fell 4.4% within 24 hours of Strategy disclosing its voluntary sale of 32 BTC. Two hours later, it fell another 2%.

Strategy diluted common stockholders to build a USD reserve for dividend and interest payments, then used the cash for something else.

The CEO of Strategy has made $37 million in total compensation over the past three years while buying less than $20,000 in STRC for his kids.