2d ago
Strategy pauses STRC-funded Bitcoin purchases as STRC slips below $100 par
Strategy has paused its BTC accumulation via STRC after it was unable to raise fresh capital since Friday, as STRC traded below its $100 par value. The company had bought 22,337 BTC in the week ending March 15 and 17,994 BTC the week prior, with about $1.18 billion and roughly $377 million, respectively, tied to STRC-linked sales. Past dips of STRC below $100 have coincided with 25%–40% BTC pullbacks, while charts outline downside zones including $66,000–$68,000 and, in a deeper breakdown, $51,000.