Apple · Strategy · Bitcoin · Michael Saylor · Decrypt
Morning Minute: Strategy’s MSTR and STRC Crash to 52-Week Lows
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
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Morning Minute is a daily newsletter written by Tyler Warner.
Key facts
- MSTR fell 9.35% to $94.13, touching a 52-week low of $92.28 intraday, a staggering fall from its 52-week high of $457.22
- Overall, Kalshi has nearly 3x the open interest of Polymarket across market sectors, with $1.1B compares to $484M
- STRC, the dividend-paying preferred share Saylor has leaned on to fund Bitcoin purchases, dropped 7.41% to $80.84, also a 52-week low and now well below its $100 par value
- The jump comes as trading volume exploded to more than $17 billion last month and is pacing to $25B+ in June, up from under $5 billion a year earlier, with sports-related contracts making up
Summary
Micron stock jumps 19% pre-market after massive earnings beat, lifts markets. MSTR and STRC fall to new 1-year lows as Saylor concerns grow. Kalshi seeks $40B valuation in latest raise, pacing to $25B+ in volume this month. Strategy’s common stock and its preferred shares both cratered to 52-week lows on Wednesday.