Strategy: STRC Hits Record Low at $85.32

Strategy preferred stock STRC plunged to an all-time low of $85.32, widening the discount to its $100 par value and raising the odds that the firm will sell BTC to cover higher dividends.

The 11.5% coupon now looks insufficient to investors, yet lifting the rate would increase annual cash needs beyond the current pace funded by MSTR share sales. With the NAV premium compressed near 1x, dilution room has vanished, leaving Bitcoin liquidation as the remaining option.

Strategy’s June 15 8-K shows its $55 billion BTC holdings cover 32 years of obligations if the asset rises just 3.1% annually, but the market prices STRC at an $14 discount and remembers the 20% BTC drop after the firm’s last $2 million sale.

Price action on the 4h chart shows BTC at $63927.09 inside the Bollinger Bands with the EMA50 at $64752.41 acting as immediate resistance and the EMA200 at $69116.46 capping any recovery; the MACD death cross at -163.2 keeps downside momentum intact while RSI at 40.84 leaves room for further weakness toward the lower band support at $63535.64 before any sustained rebound.