Strategy's preferred stock STRC drops below par, signaling strain in Bitcoin treasury financing model

Strategy's perpetual preferred stock STRC fell to an 11% discount below its $100 par value, the lowest in 2026. The drop signals that the model of issuing securities to buy Bitcoin is getting more expensive as investors demand higher returns.

• STRC trades at an 11% discount to its $100 par value, its lowest level in 2026
• The discount means Strategy may need to raise dividends or offer incentives to attract new capital
• Higher financing costs could slow the pace of future Bitcoin accumulation for treasury companies
• The model relied on cheap capital and strong investor demand, both of which are now deteriorating
• Peter Schiff commented that the situation shows the 'financial house of cards' is collapsing

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

Last updated 19 Jun 2026