Bitcoin continues to fall on Thursday, and Strategy's priority shares STRC are down again. With the simultaneous pressure on the encrypted market, the financial position and the ability of the large bankers around the Bitcoin to split, the market's focus has increased markedly.

STRC down to $74.13.

STRC dropped 8 per cent after the opening of the United States share, reporting $74.13. The product currently provides an annualized dividend of 11.5 per cent, but the price is over 25 per cent lower than the $100 nominal value set by Strategy.

Strategy's regular share of MSTR also fell at one point by 7 per cent, and then went back a little. The market has continued to focus on the performance of this priority share in the recent past, as it is seen as an important indicator to test the corporate narrative of “digital credit”.

Bitcoin went down near $58,188.

CoinGecko data show that at one point, the bitcoin drive fell to $58,188 and then went back to the vicinity of $59,273, with a drop of about 3.3 per cent over the past 24 hours. The fall took place on Wednesday, 21 months after bitcoin was touched.

As mainstream encrypted assets continue to decline, market liquidations have expanded rapidly. The CoinGlass data show that over the past 24 hours, total market-wide liquidations exceeded $1.44 billion, of which multiple warehouses accounted for $1.2 billion.

  • Bitcoin liquidation amount about $658 million
  • The market has a high share of liquidation.
  • Strategy holds 847,363 bitcoins

Cash reserves are the focus.

Analysts and investors have recently become more concerned about Strategy ' s USD Reserve, the company ' s cash buffer for dividends and debt. At the beginning of the year, the company stated that the funding was sufficient to cover about seven annual dividends and has now fallen to about 14 months.

JP Morgan and CryptoQuant believe that Strategy needs to rebuild its reserves to stabilize market confidence in STRC. CriptoQuant even suggested that the company should immediately stop buying bitcoin.

Early this month, Strategy also disclosed the sale of 32 bitcoins, cashing $2.5 million. This was the first reduction in the company since 2022, with the aim of demonstrating to priority equity holders its ability to maintain dividends.