June Crash Pushes MicroStrategy STRC Under $87 While 52% Bought the Dip
STRC•A June leveraged selling wave drove MicroStrategy's STRC preferred shares under $87 par value, with Bitcoin's drop below $60,000 intensifying the decline. Survey data showed 52% of investors bought STRC after June 18 and 84% held through the downturn, while combined STRC and SATA volumes topped $10.2 billion.
1. Price Decline Breaches Par Value
STRC preferred shares fell below their $100 par in June, sliding to about $87 as leveraged holders faced margin calls. Bitcoin’s drop under $60,000 intensified selling pressure, marking the first major stress test for digital credit structures.
2. Investor Response and Holding Patterns
Survey data found that 84% of digital credit investors held their STRC shares through the downturn, while 52% bought more after June 18. Respondents remained bullish, with 87% expressing a positive view of digital credit and 72% already invested.
3. Record Trading Volumes Absorb Pressure
Trading volumes surged as investors absorbed the shock rather than panic-selling. Combined STRC and SATA trading in June topped $10.2 billion, with STRC alone accounting for $8.7 billion in turnover and SATA near $1.5 billion.
