GEMINI GENERATED<\/p>\n
Today, preferred stock STRC, based on NASDAQ, and MSTR, based on NASDAQ, have reached their all-time low prices as the sell-off in securities has not stopped. Preferred stock STRC, also known as \u201cStretch,\u201d is used to pay huge payouts to the shareholders.<\/p>\n
While STRC has had a stable value for a long time that falls in the $100 range. STRC is dropped and falls below $90. Tomorrow, June 17, STRC prices came to $88.50. Now STRC is trading in $89 to\u00a0$91.<\/p>\n
Basically, STRC is the crypto-backed one for Bitcoin. This was issued by the biggest corporate company, MicroStrategy, which rebranded and named it Strategy. Strategy Chief Executive Officer Michael Saylor launched this preferred stock almost one year ago, in July\u00a02025.<\/p>\n
The basic purpose of this launch of stock is to add more Bitcoin. This will help to raise the funding that will help in buying Bitcoin. As Strategy is the biggest holding company that has bitcoin, with around 846,842. Which is worth nowadays in billions. Total accumulated bitcoins by strategy are roughly equal to $54.2 billion, which makes him the number one buyer of\u00a0Bitcoin.<\/p>\n
STRC, also known as Stretch, was first designed to maintain the price of $100. This is the first time that STRC has been traded below $90. Currently, Bitcoin is struggling hard to maintain its price of $64,000. With those prices, STRC is also in a struggling phase.<\/p>\n
A famous analyst from CryptoQuant shared a tweet<\/a> on the social media platform X. In his post, he stated the current situation of\u00a0Bitcoin.<\/p>\n Yes, at current prices, it\u2019s 32 years. But if Strategy had to sell BTC to cover those dividends, it would create selling pressure that could push BTC prices lower. That, in turn, would reduce the value of its BTC reserves and shorten the very dividend coverage it\u2019s highlighting. In other words, if sustained, it risks becoming a downward\u00a0spiral.<\/em><\/strong><\/p>\n Strategy has raised about $200 million through MSTR, its own crypto asset based on NASDAQ. The company continues to buy Bitcoin with the proceeds.<\/p>\n Strategy\u2019s STRC Plunges as BTC Struggles at $64K<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" GEMINI GENERATED Today, preferred stock STRC, based on NASDAQ, and MSTR, based on NASDAQ, have reached their all-time low prices as the sell-off in securities has not stopped. Preferred stock STRC, also known as \u201cStretch,\u201d is used to pay huge payouts to the shareholders. While STRC has had a stable value for a long time […]<\/p>\n","protected":false},"author":0,"featured_media":183388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-183387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/183387"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=183387"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/183387\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/183388"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=183387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=183387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=183387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}