CryptoBearishThe Block · 4h ago7/10
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Bitcoin rout leads Strategy’s STRC to slide 26% below par as MSTR shares hits 16-month low
MicroStrategy's preferred securities (STRC) have declined 26% below par value as Bitcoin's recent downturn pressures the company's stock to 16-month lows. The slide reflects investor concerns about MicroStrategy's aggressive strategy of using preferred share issuances to fund continuous Bitcoin accumulation.
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