Bitcoin rout leads Strategy’s STRC to slide 26% below par as MSTR shares hits 16-month low (opens original article in a new tab)

Bitcoin's decline caused STRC to drop 26% below par and MSTR shares to hit a 16-month low, as Strategy used preferred securities for bitcoin purchases.

• Bitcoin price drop caused STRC to fall 26% below par
• MSTR shares reached 16-month low
• Strategy used preferred securities to fund bitcoin purchases