Strategy Inc. (MSTR) fell more than 9% at times on Thursday to its lowest level since March 2024, adding to a five-day fall of nearly 30% as Bitcoin broke. below $60,000 and a security investigation involving the company was revealed.
Shares of Michael Saylor-led Bitcoin Treasury hit $85 midday Thursday, down from a high of $117 earlier in the week. The stock has lost nearly 36% in the past month — nearly double Bitcoin’s 18.5% decline over the same period.
On top of that, Rosen Law Firm has been sent announcing to the media that it is investigating possible fraud against Strategy, saying that the company “may have provided false business information to investors.” This study covers all five trading strategies: MSTR, STRF, STRC, STRK, and STD.
Legal pressure creates a financial crisis that experts say stems from the very structure of the Strategy’s economy.
The company they hold 847,363 Bitcoin – the largest group in the world – bought at an average price that now leaves 2024, 2025, and 2026 to get the tranche underwater. Unexpected losses on the Bitcoin portfolio reach about $ 10.6 billion.
Strategy preferences are corrupted
The biggest concern for investors is Strategy’s The cost of STRC the beloved stock, which has fallen sharply and is now trading at around $76 – about 24% below its $100 price. The structure is important because the Strategy relied on the sale of preferred stock to finance Bitcoin purchases.
Stocks that tend to trade below that, this bullish trend stops.
As Strategy issued more STRC in the past six months, annual dividends fell from $300 million in early 2026 to $1.2 billion — a fourfold increase. Savings, meanwhile, fell 38% over the same period.
CryptoQuant, an on-chain analytics company, published a note on June 23 to encourage The way to stop buying Bitcoin is to rebuild your capital to about $2.8 billion before you start accumulating it again. The company said its loan tenure has decreased from seven years to about 14 months.
Strategy seems to have gotten the message before the report. In the week of June 22, the company he bought it just 520 Bitcoin for about $35 million – a fraction of his movements – and passed $300 million of $335.5 million in common stock to raise in his fund, raising $1.4 billion.
Saylor has not publicly responded to CryptoQuant’s investigation or warning.
