How STRC lost its par: The timeline behind Strategy's preferred-stock meltdown
Strategy's preferred-stock security, STRC, has fallen to its lowest price since its 2025 debut due to declining bitcoin prices and management decisions. The company is struggling to maintain the stock near par, which is essential for its capital-raising strategy to fund high-yield payouts.
Why it matters
The volatility of this security highlights the risks associated with crypto-linked financial products and the challenges of maintaining high-yield payouts in a fluctuating market.
On Thursday, the stock price dropped below $83, some 17% below the target and the lowest since it debuted in July 2025. The security is meant to be high-yield, low-volatility.
The article provides a factual timeline and financial analysis of market events without taking a political stance.
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