- Strategy‘s STRC share price has plunged to a new all-time low of $71.25, nearly 30% below its advertised $100 par value.
- The stock has crashed for four consecutive days, erasing billions from its once-$10.5 billion market cap.
- Retail investors hold about 80% of STRC supply, according to a recent admission by company president Phong Le.
- The years of dividend coverage provided by Strategy‘s Bitcoin reserves have rapidly evaporated as BTC’s price falls.
The stock of Strategy‘s STRC, advertised as a stable, high-yield alternative, crashed to an unprecedented low of $71.25 per share on June 26, 2026. This marks the fourth consecutive day of losses, trading 29% beneath its $100 par value and sinking the market cap below $7.2 billion.
Consequently, retail investors, who hold an estimated 80% of the supply according to a company president, are bearing the brunt of the decline. The security, pitched as a low-volatility competitor to money markets, has demonstrated significant downside without the upside potential of bitcoin itself.
Meanwhile, the safety margin for STRC’s 11.5% dividend has rapidly deteriorated. Strategy previously claimed 71 years of coverage from its bitcoin reserve in late 2025, but by June 17, that figure had plummeted to 32 years. More than half of the dividend cushion vanished in roughly seven months as Bitcoin’s price fell.
CEO Phong Le has attempted to reassure the market, stating the company would only sell bitcoin under specific conditions like funding the STRC dividend. However, this statement outlined scenarios where selling becomes the plan rather than a guarantee against it.
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