With a hawkish Federal Reserve backing the U.S. dollar and continued outflows from Bitcoin ETFs, Strategy Inc., the largest publicly traded Bitcoin holder, is facing increasing pressure.
Strategy’s preferred stock STRC has fallen to a record low, well below its $100 par value, complicating the company’s aggressive Bitcoin accumulation strategy.
Arca CIO Jeff Dorman highlighted the volatile situation: “A huge amount of $BTC and MSTR to help bring $STRC back to near normal and at least buy you some time or continue to watch every part of the cap structure melt away due to the uncertainty you have created,” he said on X.
At the time of writing, $BTC The stock traded around $62,400, down 0.8% from midnight UTC, according to CoinDesk data. Prices hit a high of around $67,000 earlier this week.
