Bitcoin Falls 40% Since STRC Launch as Market Test
#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTX Creation Challenge — Post and Win 1,500U 💥 Bitcoin Falls 40% Since STRC Launch as Market Tests Strategy
Bitcoin has continued to slide over the months since Strategy’s bitcoin-funding vehicle, Strategy’s preferred equity unit “Stretch” (STRC), launched in late July 2025. The move has put fresh scrutiny on how STRC’s structure is performing—and, more importantly, what happens when its market price drifts far below the $100 “liquidation preference” around which the instrument was designed to operate.
STRC has recently traded at a persistent discount. On Thursday, the unit reportedly fell to a record low of $82.53 and closed at $88.59—well below the $100 par level. That gap has reignited calls from prominent critics, even as other analysts argue the drawdown reflects leverage dynamics rather than a fundamental collapse.
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