Strategy's STRC Cracks Its Peg: Is the World's Biggest Bitcoin Treasury in Trouble?
For years, Michael Saylor's Strategy (formerly MicroStrategy) has been the ultimate Bitcoin bull, borrowing, issuing stock, and selling preferred shares to pile up more Bitcoin than any other public company. Now cracks are showing. The company's flagship preferred stock, STRC, has slipped below the $100 par value it was engineered to hold, hitting record lows, while Strategy's common stock (MSTR) has slumped and Bitcoin itself sits roughly 50% below its October high. Most strikingly, Strategy di