Strategy’s STRC Plunges as BTC Struggles at $64K

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 “Stretch,” is used to pay huge payouts to the shareholders.

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 $91.

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 2025.

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 Bitcoin.

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.

A famous analyst from CryptoQuant shared a tweet on the social media platform X. In his post, he stated the current situation of Bitcoin.

Strategy has raised about $200 million through MSTR, its own crypto asset based on NASDAQ. The company continues to buy Bitcoin with the proceeds.

Strategy’s STRC Plunges as BTC Struggles at $64K was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.