Strategy’s high-yield STRC bet faces trouble after Bitcoin sale

cryptonews06-04

STRC has fallen below its $100 reference price this week after Strategy sold a small amount of bitcoin to help fund preferred stock distributions. Summary STRC fell below its $100 reference price...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStrategy’s high-yield STRC bet faces trouble after Bitcoin sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-04 04:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/strategys-high-yield-strc-bet-faces-trouble-after-bitcoin-sale/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>STRC has fallen below its $100 reference price this week after Strategy sold a small amount of bitcoin to help fund preferred stock distributions.\n\n\nSummary\n\n\n\nSTRC fell below its $100 reference price...</p>\n\n<a href=\"https://crypto.news/strategys-high-yield-strc-bet-faces-trouble-after-bitcoin-sale/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"YBTC","symbol_name":"比特币看涨期权ETF-Roundhill","start_time":0,"source_url":"https://crypto.news/strategys-high-yield-strc-bet-faces-trouble-after-bitcoin-sale/","article_id":"2640963184","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/strategys-high-yield-strc-bet-faces-trouble-after-bitcoin-sale/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2640963184","pubTimestamp":1780519502,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"STRC has fallen below its $100 reference price this week after Strategy sold a small amount of bitcoin to help fund preferred stock distributions.STRC fell below its $100 reference price after Strategy sold bitcoin to help fund preferred stock distributions.Strategy sold 32 BTC for about $2.5 million in its first bitcoin sale since December 2022.According to Strategy’s latest securities filing, the company sold 32 BTC between May 26 and May 31 for about $2.5 million, with proceeds expected to support distributions on its preferred stock. The sale was small compared with Strategy’s bitcoin holdings, but it drew attention because founder Michael Saylor had spent years arguing against selling BTC.STRC, Strategy’s dividend-paying preferred stock, traded as much as 5.3% below par value at one point today. At the time covered by the report, STRC and related crypto products remained about 4% below their earlier trading range.At the same time, bitcoin fell by 4.4% over 24 hours followin","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"YBTC":"比特币看涨期权ETF-Roundhill","STCE":"Schwab Crypto Thematic ETF","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","MAXI":"比特币期货ETF-Simplify","BETE":"等权重比特币&以太币期货ETF-ProShares","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","BETH":"比特币&以太币期货ETF-ProShares","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","DAPP":"VanEck Digital Transformation ETF","BITI":"1倍做空比特币期货ETF-Proshares","BTF":"比特币&以太币期货ETF-CoinShares","MNRS":"GRAYSCALE BITCOIN MINERS ETF","09008":"博时比特币-U","BTCI":"NEOS Bitcoin High Income ETF","WGMI":"比特币矿商ETF-CoinShares","09439":"嘉实比特币-U","MSTR":"Strategy","BTFX":"比特币期货ETF-CoinShares","IBIT":"比特币ETF-iShares","BTGD":"STKD Bitcoin & Gold ETF","MSBT":"Morgan Stanley Bitcoin Trust ETP","BRRR":"比特币ETF-CoinShares","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","BITQ":"Bitwise Crypto Industry Innovators ETF","ARKY":"ARK 21SHARES ACTIVE BITCOIN ETHEREUM STRATEGY ETF","BTCO":"比特币ETF-Invesco Galaxy","GDLC":"Grayscale CoinDesk Crypto 5 ETF","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","YBIT":"YieldMax Bitcoin Option Income ETF","BTRN":"比特币期货ETF-Global X","BKCH":"AdvisorShares Sabretooth ETF","STRC":"MicroStrategy Inc. Perpetual Stretch Preferred","BITW":"Bitwise 10 Crypto Index ETF","09042":"华夏比特币-U","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","HODL":"比特币ETF-VanEck","BITX":"2倍比特币期货ETF-Volatility Shares"},"translate_title":"Strategy的高收益STRC押注在比特币出售后面临麻烦","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MAXI":0.9,"XBTmain":0.9,"BTGD":0.9,"YBIT":0.9,"BTRN":0.9,"YBTC":0.9,"BKCH":0.9,"BTCmain":0.9,"US30Y.BOND":1.5,"09439":1.5,"MSTR":0.9,"STCE":0.9,"BEGS":0.9,"BTF":0.9,"MSBT":0.9,"CBTJ":0.9,"US5Y.BOND":1.5,"BTCZ":0.9,"BITI":0.9,"US12M.BOND":1.5,"BTCO":0.9,"BRRR":0.9,"GDLC":0.9,"IBIT":1.5,"US6M.BOND":1.5,"BITX":0.9,"09008":1.5,"NCIQ":0.9,"BETE":0.9,"BTCL":0.9,"DAPP":0.9,"09042":1.5,"CRPT":0.9,"MNRS":0.9,"BTCI":0.9,"LFGY":0.9,"WGMI":0.9,"US7Y.BOND":1.5,"US10Y.BOND":1.5,"BETH":0.9,"ARKY":0.9,"US3Y.BOND":1.5,"BTFX":0.9,"US2Y.BOND":1.5,"HODL":0.9,"STRC":1.5,"BITW":0.9,"BITQ":0.9},"content_text":"STRC has fallen below its $100 reference price this week after Strategy sold a small amount of bitcoin to help fund preferred stock distributions.\n\n\nSummary\n\n\n\nSTRC fell below its $100 reference price after Strategy sold bitcoin to help fund preferred stock distributions.\nStrategy sold 32 BTC for about $2.5 million in its first bitcoin sale since December 2022.\nSTRC’s annualized dividend rate has risen to 11.5% after repeated pressure below its par value.\nDeFi products tied to STRC also declined as Saturn sUSDat and Apyx apxUSD lost value this week.\n\n\n\nAccording to Strategy’s latest securities filing, the company sold 32 BTC between May 26 and May 31 for about $2.5 million, with proceeds expected to support distributions on its preferred stock. The sale was small compared with Strategy’s bitcoin holdings, but it drew attention because founder Michael Saylor had spent years arguing against selling BTC.\nStrategy, formerly MicroStrategy, held more than 843,700 BTC before the sale, according to the company’s filing. The filing also showed that the sale was the company’s first bitcoin disposal since December 2022. On Strategy’s Q1 earnings call last month, Saylor said the company would “probably sell some BTC to fund a dividend just to inoculate the market.”\nSTRC slips below ts $100 level\nSTRC, Strategy’s dividend-paying preferred stock, traded as much as 5.3% below par value at one point today. At the time covered by the report, STRC and related crypto products remained about 4% below their earlier trading range.\nStrategy pays an annualized dividend rate of 11.5% to STRC holders, far above many traditional dollar savings products. The company launched STRC in July 2025 with a 9% rate, then raised the payout seven times as the preferred stock continued to trade below its $100 reference price.\nAccording to the company’s dividend terms cited in the report, Strategy will pay a monthly dividend of 0.96% on the full $100 par value this month. However, STRC’s market price has already dropped 3.8% this month, including the sharper intraday fall.\nCrypto wrappers track STRC losses\nThe pressure has spread to crypto markets through DeFi products partly tied to STRC. Protocols such as Apyx and Saturn created STRC-linked products for traders seeking access to STRC-like yields via crypto-native instruments.\nAccording to the report, Saturn’s sUSDat has a market value near $100 million and has lost 3.7% this week. Apyx’s apxUSD, which is partly backed by STRC, has dropped 4.1% over the same period.\n\nupdatespoiler: its not looking good https://t.co/3LeYlGZsBU pic.twitter.com/oQHhfZUCmC— Wazz (@WazzCrypto) June 3, 2026\n\nThese products had traded near $1 for months, according to the report, because traders treated their STRC exposure as a source of stable yield. Their recent decline shows how losses in a preferred stock can move into synthetic stablecoins built around it.\nBitcoin price drop adds more pressure\nAt the same time, bitcoin fell by 4.4% over 24 hours following Strategy’s BTC sale, according to the report. Over the past week, BTC has declined 12%, while Strategy’s common stock has fallen 15%.\nThe report linked the stress in STRC to two events. First, Strategy sold BTC after years of public messaging from Saylor against selling Bitcoin. Second, BTC prices dropped soon after the sale, adding pressure on Strategy-linked assets.\n\n\n\n\n\n                You might also like:\n            \n\n                New Defend Developers PAC targets key races with DeFi on the line            \n\nUnlike US bank accounts or money market products, STRC does not carry FDIC or SIPC protection. Strategy also does not guarantee STRC’s market price or future dividends.\nThe report said STRC has grown to a market capitalization of about $10 billion, more than triple its size at the start of the year. Its fast growth came as investors chased its high dividend rate and its link to Strategy’s bitcoin balance sheet.\nSTRC’s decline has now raised fresh questions about products promoted as stable yield instruments. The latest move shows that a preferred stock backed by a bitcoin-heavy company can still lose value quickly when the underlying market turns against it.\n\n\n\n\n\n                Read more:\n            \n\n                Strategy’s STRC hits $1.53B volume amid fresh Bitcoin treasury push","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640963184","isCrawlerRequest":true}