Strategy · Bitcoin · Bitcoin Magazine
Strategy Stock (MSTR) Nearly Craters Another 10% as Securities Lawsuit Lands
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Strategy shares plunged some more today as Bitcoin fell to $59,000.
Key facts
- As Strategy issued more STRC over the past six months, annual dividend obligations ballooned from $300 million at the start of 2026 to $1.2 billion, a fourfold increase
- The deeper concern for investors is Strategy’s STRC preferred stock, which has crashed to an all-time low and now trades around $76, roughly 24% below its $100 par value
- Shares of the Michael Saylor-led Bitcoin treasury company hit $85 by midday Thursday, down from above $117 at the start of the week
- The company holds 847,363 Bitcoin, the largest corporate stockpile in the world, purchased at an average price that now leaves the entire 2024, 2025, and 2026 acquisition tranche underwater
Summary
Strategy Inc. (MSTR) fell more than 9% at times on Thursday to its lowest level since March 2024, extending a five-day collapse of nearly 30% as Bitcoin broke below $60,000 and a securities investigation targeting the company became public. Shares of the Michael Saylor-led Bitcoin treasury company hit $85 by midday Thursday, down from above $117 at the start of the week. On top of this, Rosen Law Firm posted a press release saying it is investigating potential securities fraud claims against Strategy, alleging the company “may have issued materially misleading business information to the investing public.” The probe covers all five of Strategy’s publicly traded securities: MSTR, STRF, STRC, STRK, and STRD. The legal pressure compounds a financial squeeze that analysts say stems from Strategy’s own capital structure.