On June 25, 2026, the price of Bitcoin fell below the $60,000 mark. According to Gate market data, Bitcoin’s intraday low that day reached $59,023, the lowest level since October 2024. This price level is down by more than 50% from the historical high of over $126,000 in October 2025. Bitcoin’s continued downward move has directly spilled over into its largest corporate holder. Strategy (formerly MicroStrategy) common stock, MSTR, broke below $100 during intraday trading on June 25, falling to a low of $92.5, the first time it has dropped below that level since March 2024. On the day, MSTR fell by about 9.2%; prior to that, it had declined by about 20% cumulatively over the previous five trading days.

At the same time, Strategy’s flagship preferred stock, STRC, also faced significant selling pressure. As of June 25, STRC was trading around $80.7, down more than 18% over the past month. The synchronized weakness of MSTR and STRC suggests that the market’s main concern is no longer limited to Bitcoin’s own volatility, but instead directly points to whether Strategy can maintain its business model long term—one that relies on preferred stock dividends and ongoing financing. Why does preferred stock STRC anchor at $100 while continuing to trade below par value? STRC is Strategy’s issued…