Strategy's STRC Preferred Stock Falls Below $83, Down 17% From $100 Target on June 18

BTC0.14%
According to Odaily Daily, Strategy's (MSTR) STRC preferred stock fell below $83 on June 18, marking its lowest level since listing in July 2025 and falling approximately 17% below its $100 face value target. The decline was driven by Bitcoin price weakness below $62,500 and Strategy's capital operations, including a $1.5 billion debt repurchase in May that depleted dollar reserves. Strategy's cash reserves dropped to $8.71 billion in late May before recovering to $11 billion by June 15, reducing STRC dividend coverage from a targeted 24 months to approximately 6 months. The company holds approximately 846,842 Bitcoin at an average cost of $75,656, representing an unrealized loss of $11.14 billion at current prices, underscoring STRC's exposure to Bitcoin price volatility.
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