Strategy shares fall 75% since STRC started trading in July 2025
AI Market Summary
Strategy's SEC filing shows $333.7m of MSTR dilution with zero BTC purchases, redirecting proceeds to STRC buybacks/dividends and cash. The firm has not added BTC since June 21, 2026 and is down 6,916 BTC, reinforcing concerns about balance-sheet de-risking and the sustainability of the treasury model. STRC still trades below par, while MSTR has materially underperformed since STRC's launch, pressuring crypto-linked equities sentiment.
Impact level
● Medium
Affected assets
NCSKCOIN2USD/USDT+0.61%
AI Insight · NCSKCOIN2USD/USDTAI Insight
▼ Bearish
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Bitcoin treasury company Strategy raised $333.7 million last week by issuing MSTR shares but did not buy any bitcoin. About 40% of the proceeds went to repurchasing STRC preferred shares, 16% to STRC dividends, and the remainder was retained as cash. It marked the fourth straight week without a BTC purchase, and the company has reduced its holdings by 6,916 BTC since June 21, 2026. Since its last reported BTC buy, MSTR is down 16%, while STRC has traded below $95.
