Bitcoin holder Strategy Inc.’s perpetual preferred stock, known as STRC or “Stretch,” is showing an increasingly tight link
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The 90-day correlation coefficient between the two has climbed to nearly 0.70, the highest level since the instrument debuted in July 2025, according to data source TradingView.
Key facts
- While STRC has tanked 23% to $76 this month, BTC’s price has slipped nearly 20% to under $60,000, hitting levels last seen in October 2024
- In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024
- This tightening correlation changes the risk profile for investors seeking steady income from the preferred stock of the world’s largest corporate BTC holder, which owns 847,363 BTC worth $50.4 billion, according to BitcoinTreasuries
- The 90-day correlation coefficient between the two has climbed to nearly 0.70, the highest level since the instrument debuted in July 2025, according to data source TradingView
Summary
Strategy Inc.’s perpetual preferred stock, STRC, has seen its 90-day correlation with bitcoin climb to nearly 0.70, the highest level since its July 2025 debut. STRC has dropped 23% this month to $76 while bitcoin has fallen nearly 20% to below $60,000, undermining STRC’s role as a relatively steadier income vehicle tied to the company’s large bitcoin holdings. Bitcoin holder Strategy Inc.’s perpetual preferred stock, known as STRC or “Stretch,” is showing an increasingly tight link to bitcoin’s BTC $ 59,772.97 price moves. This tightening correlation changes the risk profile for investors seeking steady income from the preferred stock of the world’s largest corporate BTC holder, which owns 847,363 BTC worth $50.4 billion, according to BitcoinTreasuries.net.