Strategy's STRC plunges 26% below par value, MSTR price hits 16-month low

CoinFeed June 26 news, according to The Block reports, Strategy's perpetual preferred stock STRC fell to a historical low of $74 on Thursday, a 26% discount to its $100 par value, then slightly rebounded to $75.69; MSTR fell below $87, the lowest since February 2024, down over 50% in the past month. STRC is Strategy's main financing tool for its recent Bitcoin accumulation. Strive's perpetual preferred stock SATA fell to near a historical low of $84 on Thursday.