📉A key engine behind Strategy’s Bitcoin buying spree is starting to stall
Michael Saylor’s preferred shares, STRC, have been trading below their $100 par value for the entire month, hovering under $92. That may sound minor, but it has major implications for Bitcoin. 👀
STRC has been Strategy’s primary fundraising tool, helping the company acquire over 112,000 BTC—more than 13% of its total holdings. 💰
The problem? As long as STRC trades below par, Strategy cannot issue new shares and raise fresh capital through this vehicle.
To keep buying BTC, the company has recently relied on sales of its common stock (MSTR), including two separate $100M Bitcoin purchases this month.
Meanwhile, Bitcoin has slipped below $63K, its lowest level in a week, while one of its biggest corporate buyers faces growing funding constraints.
June 19, 2026 16.2K 4
