Strategy STRC Falls to Record Low of $79.85; Bitcoin Drops Below $60K

According to Yahoo Finance, on June 25, Strategy's preferred shares STRC fell to an intraday low of $79.85 on Nasdaq, marking its lowest level since listing, and closed at $80.84. Bitcoin subsequently dropped below $60,000, hitting a low of $59,277, its lowest level since September 2024.

Market concerns center on the impact on Strategy's "flywheel strategy," which relies on raising capital through market premiums to fund additional bitcoin purchases. On June 22, Strategy chairman Michael Saylor announced the company acquired 520 BTC for $35 million, the smallest purchase since December 31, 2024, raising concerns about reduced buying capacity as the company's financing conditions deteriorate.