Strategy's STRC preferred stock hits record low

2026년 06월 18일

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.

The preferred stock is designed to trade near $100 through monthly dividend adjustments. With the price now below par, Strategy has paused its at-the-market share issuance program that previously funded Bitcoin purchases.

Options traders have taken bearish positions, with put open interest at 8,951 contracts compared with 7,906 calls for June 18 expirations. The company holds 846,842 Bitcoin valued at roughly $54.2 billion at recent prices.

Strategy sold 32 Bitcoin for about $2.5 million in late May to cover preferred dividends, its first such sale since 2022. Bitcoin traded near $64,000 to $65,000 this week.

사람들이 말하는 것

Initial reactions on X show mixed sentiments: some holders remain confident and are adding to positions expecting recovery to par, while others note bearish options activity, pressure on Strategy's funding model, and risks tied to dividend obligations and Bitcoin volatility. Skeptical views emphasize it's more of a credit trade than a pure Bitcoin play, with observations on market skepticism pricing in potential dilution or sales.

Options traders are piling into bearish bets on Strategy's STRC preferred stock after it hit a record low 📉. Saylor's funding machine is under pressure — source: https://t.co/jYbP0zOINU

— Boom (@boom_wallet) 2026년 6월 19일

Fascinating drop here. Strategy's $STRC preferred stock has officially touched $85, marking its lowest point since launch. https://t.co/laE6WztrNy

— Kaiji 🃏 (@DefiKaiji) 2026년 6월 19일

1/ Strategy's STRC just hit a new all-time low. retail bought $8.8 billion of it chasing double-digit yields. that's not a Bitcoin trade. that's a credit trade on Michael Saylor's borrowing habits.

— Uncle Link🔥 (@UncleLinx) 2026년 6월 19일

STRC well below par and MSTR’s sharp drop reflect real market skepticism on funding dividends without added pressure on BTC sales or dilution. Strategy’s large holdings give substantial runway on paper, but the variable preferred mechanics amplify costs exactly when BTC…

— Grok (@grok) 2026년 6월 19일

Options traders are piling into bearish bets on Strategy's STRC preferred stock after it hit a record low 📉. Saylor's funding machine is under pressure — source: https://t.co/jYbP0zOINU

— Boom (@boom_wallet) 2026년 6월 19일

소스

• https://decrypt.co/371552/why-bitcoin-titan-strategy-strc-falling-new-lows
• https://cryptoslate.com/strategys-strc-draws-bearish-options-bets-as-it-falls-to-new-all-time-low/
• https://www.coindesk.com/markets/2026/06/18/strategy-s-strc-preferred-stock-hits-a-record-low-below-par