{"id":9201,"date":"2026-06-27T01:51:40","date_gmt":"2026-06-26T22:51:40","guid":{"rendered":"https:\/\/handoli.com\/index.php\/2026\/06\/27\/strc-crashes-as-strategys-unrealized-btc-losses-exceed-13-billion\/"},"modified":"2026-06-27T01:51:40","modified_gmt":"2026-06-26T22:51:40","slug":"strc-crashes-as-strategys-unrealized-btc-losses-exceed-13-billion","status":"publish","type":"post","link":"https:\/\/handoli.com\/index.php\/2026\/06\/27\/strc-crashes-as-strategys-unrealized-btc-losses-exceed-13-billion\/","title":{"rendered":"STRC crashes as Strategy\u2019s unrealized BTC losses exceed $13 billion"},"content":{"rendered":"
<\/div>\n

Strategy\u2019s preferred stock STRC, the dividend-paying stock that Michael Saylor sold at $100 to fund BTC buys, traded<\/a> as low as $73.62 on the Nasdaq today. That was 26.4% below the $100 price the stock is meant to hold.\u00a0<\/p>\n

The slide came a day after a law firm announced<\/a> a common plan to solicit interest in a potential class action against the company.<\/p>\n

Strategy created STRC to trade at a stable $100 per share price but it hasn\u2019t been able to withstand the selling pressure and growing distrust in Strategy\u2019s management to restore confidence.\u00a0<\/p>\n

Both BTC and Strategy\u2019s MSTR common stock hit a 52-week low today, along with STRC.<\/p>\n

The law firm said it\u2019s investigating claims \u201cresulting from allegations that Strategy may have issued materially misleading business information to the investing public.\u201d<\/p>\n

It\u2019s soliciting<\/a> holders to join a prospective suit.\u00a0<\/p>\n

That\u2019s not the same as a filed complaint nor a regulatory probe. To date, there\u2019s no public information about any regulatory action against Strategy by the SEC.<\/p>\n

Despite this, complaints against Saylor poured in on social media.<\/p>\n

Some highlighted<\/a> Strategy\u2019s near-$14 billion unrealized loss, while pseudonymous skeptic Pledditor wrote<\/a>, \u201cHe floods the timeline with AI-generated images of himself.\u201d<\/p>\n

Elsewhere, a proposed<\/a> class action solicitation earned over 300,000 views, and data analytics firm Arkham asked<\/a>, \u201cIs STRC the next LUNA?\u201d<\/p>\n

Peter Schiff, meanwhile, claimed<\/a> that MSTR is in a \u201cdeath spiral.\u201d<\/p>\n

STRC dividends keep going up, shares keep going down<\/h2>\n

Strategy, the digital asset treasury company formerly known as MicroStrategy, designed STRC to sit at $100. It adjusts a variable dividend, now 11.5% annually, to keep the stock near $100, but its tactics are proving ineffective.<\/p>\n

The company has hiked the rate seven times since launch and will likely hike it again for its upcoming semi-monthly dividends starting mid-July.\u00a0<\/p>\n

The framework is not holding the line. Roughly 105 million STRC shares trade<\/a> against a notional value near $10.5 billion.<\/p>\n

Today\u2019s $73.62 low valued those shares around $7.7 billion.\u00a0<\/p>\n

That is, in other words, a market cap loss of nearly $2.8 billion below the $100 stated value Strategy aims to hold<\/strong>. Indeed, the stock lost over $700 million in market cap last night alone.<\/p>\n

\n
\n

Why Saylor\u2019s STRC isn\u2019t really a money market or bank account<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Read more: Michael Saylor wants $100 STRC \u2014 the market says different<\/a><\/em><\/p>\n

Despite alarming ads likening STRC to a high-yield bank account<\/a> or money market<\/a>, Strategy concedes<\/a> in its own filings that it\u2019s not required to hold any assets to back STRC.<\/p>\n

Unlike a real bank account or money market, STRC has no FDIC nor SIPC insurance to protect against its declining value. Holders have no right to sell STRC back to Strategy for $100.\u00a0<\/p>\n

In order for STRC to trade for $100, they must find another buyer willing to pay that price. Today, those other buyers were bidding less than $74.<\/p>\n

Unrealized loss on BTC of $13.6 billion<\/h2>\n

Strategy has spent nearly five years creating products like MSTR, STRC, and other stocks in order to buy BTC on leverage.<\/p>\n

In addition to over $1 billion in expenses<\/a> to operate the company over that period, Strategy spent $64.1 billion<\/a> to buy BTC that is altogether worth just $50.5 billion<\/a> today.<\/p>\n

Since August 2020, it\u2019s cost Strategy over $1 billion to lose $13.6 billion investing in BTC.<\/strong><\/p>\n

The BTC treasury is underwater, the losses are growing, but the STRC dividend bill is endless. Every STRC share sold near $100 created a perpetual obligation.<\/p>\n

Got a tip? Send us an email securely via\u00a0<\/em>Protos Leaks<\/em><\/a>. For more informed news and investigations, follow us on\u00a0X<\/a>,\u00a0<\/em>Bluesky<\/em><\/a>, and\u00a0<\/em>Google News<\/em><\/a>, or subscribe to our\u00a0<\/em>YouTube<\/em><\/a>\u00a0channel.<\/em><\/p>\n

The post STRC crashes as Strategy\u2019s unrealized BTC losses exceed $13 billion<\/a> appeared first on Protos<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Strategy\u2019s preferred stock STRC, the dividend-paying stock that Michael Saylor sold at $100 to fund BTC buys, traded as low as $73.62 on the Nasdaq today. That was 26.4% below the $100 price the stock is meant to hold.\u00a0 The slide came a day after a law firm announced a common plan to solicit interest […]<\/p>\n","protected":false},"author":1,"featured_media":9202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[147],"tags":[],"class_list":["post-9201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest"],"_links":{"self":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts\/9201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/comments?post=9201"}],"version-history":[{"count":0,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts\/9201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/media\/9202"}],"wp:attachment":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/media?parent=9201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/categories?post=9201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/tags?post=9201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}