ビットコインの価格が6万ドルを下回る中、Strategyの優先株であるSTRCが過去最安値を更新した。金曜日のプレマーケット取引では、株価は前日比3％安の73ドル近辺で推移している。
Strategyの永久優先株STRCは、額面価格100ドルを約27％下回る水準で取引されている。今回の下落は、同社の普通株が85ドル近辺で推移する中で発生した。
6月30日はSTRC保有者の権利落ち日にあたり、7月15日には1株あたり0.48ドルの配当が支払われる。この配当額は、現在の株価の0.7％未満に相当する。
月次配当率の改定が投資家の注目を集めている。現在の配当率は11.50％で、現在の株価水準では実質利回りが約15％に達しており、最低でも12％から12.50％への引き上げが期待されている。
Strategyは約84万4000ビットコインを保有しており、平均取得単価は約7万5600ドルである。ビットコインが6万ドル近辺で推移している現状、同社は130億ドルを超える含み損を抱えている。
ユーザーの間では、ビットコインが6万ドルを下回る中、STRCが71ドルから75ドルの範囲で過去最安値を付けたことについて議論が交わされた。配当や増資に伴うリスクを指摘する声がある一方で、高い実質利回りを投資機会と捉える意見や、強気相場であっても回復には懐疑的な見方も示された。
The chain looks like exactly what is happening now. MSTR down, STRC down, every Strategy asset down. MNAV below 1 kills ability to raise money, can't raise money to pay dividend obligations, can't raise dividends to return STRC to par. If he sells Bitcoin he tanks the price of…
— ɱ 🇺🇸 Bronero 🇺🇸 ɱ (@Brandistan007) 2026年6月27日
you absolutely under no circumstance cannot halt the dividend within a year of running this advertisement.
— di (@LiberExMachina) 2026年6月27日
STRC's depeg is a symptom caused by a transient bitcoin bear market.
"Sitting quietly, doing nothing, spring comes, and the grass grows by itself." - Satoshi Nakamoto https://t.co/Rylip3iPxA
So if you buy STRC here you will get monthly payments on a 12% dividend until you get a 30% return on everything. As long bitcoin doesn’t just completely die right? Seems like good risk reward, am i missing something?
— Dom Bomb (@grassmaster771) 2026年6月26日
Why were you not asking questions when it mostly held par during a 50% drawdown from October until 2 weeks ago?
— Bitcoin Insights (@BTCInsightPro) 2026年6月26日
It’s not just that they can sell bitcoin to cover the dividend but rather they were selling shares of STRC when it traded at or above $100 to fund the buying of more…
🚨 STRC JUST HIT A NEW ALL-TIME LOW.
— Rananjay Singh (@TodayCryptoRj) 2026年6月26日
Strategy's preferred stock has plunged to $71.25, putting it nearly 29% below its $100 reference level.
What was supposed to be one of the safer ways to gain exposure to the Strategy ecosystem is now being dumped relentlessly.
The stress is… pic.twitter.com/tHCMx8XlR0
AIによるレポート AIによって生成された画像
Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC, closed at $89 on Wednesday after touching an intraday low of $88.51. The drop marks a new record low for the security and places it about 11 percent below its $100 par value.
Strategy Inc.’s perpetual preferred stock STRC has seen its 90-day correlation with Bitcoin rise to nearly 0.70, the highest level since the instrument debuted in July 2025. The stock has fallen sharply alongside Bitcoin in recent weeks.
AIによるレポート
Strategy’s STRC preferred stock closed at $91.79 on Tuesday, marking its weakest level this year and falling below the $100 target. The decline reflects investor demands for higher yields amid Bitcoin’s pullback.
Strategy acquired 1,550 Bitcoin for approximately $101 million during the week ended June 7. The purchase raised the company's total holdings to 845,256 BTC. It also increased its U.S. dollar reserves by $100 million to reach $1 billion.
AIによるレポート
Strategy acquired 24869 bitcoin last week in a purchase valued at 2.01 billion dollars. The transaction was funded largely through sales of its preferred stock. The move increased the firm's total holdings to 843738 bitcoin.
Bitcoin fell to an intraday low of $58,189 on June 25 before recovering toward $59,700. Spot Bitcoin ETFs recorded net outflows of roughly $692 million in recent sessions. The moves came ahead of a major options expiry.
AIによるレポート
Strategy purchased 535 bitcoin last week for about 43 million dollars at an average price of 80,340 dollars per coin. The acquisition came days after the company signaled it might sell some holdings to fund dividends or retire debt. Executive chairman Michael Saylor said any such sales would have minimal net impact.