Strategy’s STRC Falls 8% to $74.13; Common Shares Slide 7%
MSTR•Strategy’s preferred shares plunged 8% to $74.13, a 26% discount to $100 par value, while common stock slid 7% to $87.89 after Bitcoin fell 3.3% to $59,273 and triggered $1.44 billion in crypto liquidations. The firm’s market‐value‐to‐NAV ratio hit 0.72, its lowest since May 2022, signaling investor skepticism of its Bitcoin‐backed valuation.
1. Preferred Shares Plunge to Record Low
Strategy’s STRC preferred shares dropped 8% to $74.13, marking a more than 25% deviation below its engineered $100 par value and touching a new record low following market open.
2. Common Stock Slides on Bitcoin Selloff
Strategy’s common stock declined roughly 7% to trade around $87.89 as Bitcoin slid to a one-day low of $58,188 before recovering to $59,273, with $1.44 billion in long positions liquidated across the crypto market.
3. mNAV Ratio Signals Deep Discount
The firm’s market-value-to-NAV ratio fell to 0.72, the lowest since May 2022, underscoring investor skepticism toward its Bitcoin-backed valuation and mirroring levels that previously preceded deeper price troughs.
