STRC Hits All-Time High 0.70 Correlation with Bitcoin

According to CoinDesk, Strategy perpetual preferred stock STRC's 90-day correlation with Bitcoin reached 0.70 on June 26, marking the highest level since the product's July 2025 launch. STRC declined 23% to $76, while BTC dropped nearly 20% below $60,000, with both assets moving in tandem.

The tightening correlation diminishes STRC's appeal as a fixed-income instrument. Trading below its $100 face value, the company's ability to raise capital through stock issuance is constrained. Strategy recently sold a small amount of Bitcoin to cover dividend payments, a departure from its prior strategy. STRC currently offers an 11.5% annualized dividend rate.