Strategy’s STRC Breaks Par as Bitcoin Digital Credit Faces Stress Test

Strategy's STRC preferred stock fell to an intraday low near $82, roughly 18% below its $100 par value, testing Bitcoin-backed digital credit. Strategy has paused new share sales through its market program because STRC trades under par. CryptoQuant's Network Activity Index broke above trend for the first time since mid-2024. Bitcoin trades near $62,400, down about 3% on the day.
BTC0.64%
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