STRC drops below $83, hitting a new all-time low since listing.

STRC falls below $83, setting a new all-time low since listing.

Flywheel logic: Bitcoin rises → MSTR premium (mNAV > 1) → share issuance financing → buy more Bitcoin

As long as STRC’s price is ≥ $99, the ATM share issuance channel stays open smoothly, and Strategy can continue raising funds to buy coins at low cost.

Risk: the flywheel reverses; mNAV shrinks toward 1x; the ATM pays interest—the remaining buffer in the whole structure keeps getting thinner. Once mNAV drops below 1, there’s only the option of selling coins to pay interest or pausing interest payments.

Do you see this as an opportunity or a risk?

STRC0.94%
BTC0.97%
MSTR4.22%
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