Strategy’s STRC Preferred Stock Hits Record Low Near $75 as Bitcoin Drops to $58,115 Intraday

Strategy’s STRC preferred stock fell to a record low near $75, about 25% below its $100 stated value, while Bitcoin dropped to an intra-day low of $58,115. According to NS3.AI, Arkham said Strategy co-founder Michael Saylor cannot be liquidated if STRC declines because dividends require board approval. The update linked the preferred stock’s slide with Bitcoin’s intraday move, while emphasizing Arkham’s view that STRC’s price action would not trigger a liquidation mechanism tied to Saylor. Arkham attributed this to the structure of dividends, which it said depend on approval by the company’s board.