Strategy Seen as 'contagion' Threat for Bitcoin Prices

Dow Jones06-27

1315 ET - Bitcoin proxy Strategy Inc., which holds roughly 4% of the total circulating bitcoin supply, continues to pressure prices. Bitcoin is up 1.3% to $60,106 currently, but at this level Strategy is sitting on an unrealized loss of billions for its bitcoin pile. Their treasury sits at 847,363 BTC, averaging $75,651 a coin. As of now, Strategy sits on a loss of $13 billion -- a factor for preferred stock offering STRC finding a new low of $71.25. "The market is reading it as a signal of broader fragility," says James Butterfill of CoinShares in a note. He calls Strategy's holdings not a "systemic risk" to bitcoin prices, but sentiment is still that a potential failure of the company could become a 'contagion' for them. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

June 26, 2026 13:15 ET (17:15 GMT)

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