CoinEx News: Strategy’s STRC preferred stock fell to a record intraday low of $79.85 on June 24 and closed at $80.84, about 19% below its $100 par value. STRC is a preferred stock, meaning it pays cash dividends before common shares. CryptoQuant Head of Research Julio Moreno said Strategy should pause Bitcoin purchases and rebuild cash, after dividend coverage fell from more than seven years to about 14 months.

Strategy’s official dashboard shows it still holds 847,363 BTC, but STRC’s discount shows investors are questioning the cash cost of constant accumulation. For BTC traders, the key signal is whether Strategy slows purchases to protect liquidity, because that would weaken one of Bitcoin’s most visible corporate demand stories.