According to external media, concerns surrounding Strategy ' s solvency could be magnified. According to CoinDesk, the Bitcoin Treasury still has a reserve of about 10 months in United States dollars, which can be used to cover the STRC ' s bonus obligations, and there are no signs that cash will run out in the short term. Markets are more concerned with the trust that comes with the loss of anchoring of their financing products.

Stock prices and priority shares continue to weaken

On Thursday, MSTR fell to $86, falling 8% a day, low since February 2024. STRC fell to $75, about 25 per cent below its target face value of $100.

In CoinDesk, it is noted that the STRC was originally packaged as a low-variant, income-based product with the aim of trading around $100 over a long period of time. The apparent deviation of prices from this level today means that the efficiency of Strategy to finance and continue to buy bitcoin through the instrument is declining.

Two Prime Leader questions

However, this discount is not equal to the company ' s inability to pay the dividends. The report cites the view that the central issue at this stage is not solvency, but whether investors are still willing to continue to believe in this financing narrative.

According to Blume, Michael Saylor has repeatedly adjusted his existing narratives and plans, adding MSTR and STRC performances, which have weakened the trust of diaspora investors. If this trust can't be restored, it might be difficult for STRC to return to the $100 deal.

Follow-up money-buying capacity is at stake.

Blume did not predict a full reversal of Strategy directly, but he stated that it was “very unlikely” that the company would continue to be a substantial bitcoin buyer for the foreseeable period. For a company that has long relied on capital markets to support its Bitcoin treasury model, this is more market-oriented than short-term dividends pressure.

  • MSTR dropped to $86 Thursday
  • STRC dropped to $75, about 25 per cent above face value
  • The United States dollar reserves are said to still cover nearly 10 months. Red

If STRC maintains a deep discount for a long time, Strategy ' s financial instrument appeal will continue to decline. In the case of the bitcoin market, this also implies a further slowdown in the short term in business demand, which was previously seen as a stable incremental buyout.