{"id":46408,"date":"2026-06-25T19:52:39","date_gmt":"2026-06-25T19:52:39","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=46408"},"modified":"2026-06-25T19:52:39","modified_gmt":"2026-06-25T19:52:39","slug":"strategy-stock-mstr-nearly-craters-another-10-as-securities-lawsuit-lands","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=46408","title":{"rendered":"Strategy Stock (MSTR) Nearly Craters Another 10% as Securities Lawsuit Lands"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nStrategy Stock (MSTR) Nearly Craters Another 10% as Securities Lawsuit Lands<\/a><\/p>\n

<\/div>\n

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<\/a> $60,000 and a securities investigation targeting the company became public.<\/p>\n

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 stock has now shed roughly 36% over the past month \u2014 nearly double the 18.5% decline in Bitcoin over the same period.<\/p>\n

On top of this, Rosen Law Firm posted<\/a> a press release saying it is investigating potential securities fraud claims against Strategy, alleging the company \u201cmay have issued materially misleading business information to the investing public.\u201d The probe covers all five of Strategy\u2019s publicly traded securities: MSTR, STRF, STRC, STRK, and STRD.\u00a0<\/p>\n

The legal pressure compounds a financial squeeze that analysts say stems from Strategy\u2019s own capital structure.\u00a0<\/p>\n

The company holds<\/a> 847,363 Bitcoin \u2014 the largest corporate stockpile in the world \u2014 purchased at an average price that now leaves the entire 2024, 2025, and 2026 acquisition tranche underwater. Unrealized losses on the Bitcoin portfolio stand at approximately $10.6 billion.<\/p>\n

Strategy\u2019s preferred stock breaks down<\/h2>\n

The deeper concern for investors is Strategy\u2019s STRC<\/a> preferred stock, which has crashed to an all-time low and now trades around $76 \u2014 roughly 24% below its $100 par value. The structure matters because Strategy has relied on selling preferred stock to fund ongoing Bitcoin purchases.\u00a0<\/p>\n

When preferred shares trade below par, that capital-raise mechanism stalls.<\/p>\n

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 \u2014 a fourfold increase. Cash reserves, meanwhile, fell 38% over the same period.\u00a0<\/p>\n

CryptoQuant, the on-chain analytics firm, published a note June 23 urging<\/a> Strategy to stop buying Bitcoin and rebuild its cash position to roughly $2.8 billion before resuming accumulation. The firm said dividend coverage has collapsed from more than seven years to approximately 14 months.<\/p>\n

Strategy appears to have gotten the message before the report landed. In the week of June 22, the company bought<\/a> just 520 Bitcoin for roughly $35 million \u2014 a fraction of its prior pace \u2014 and routed $300 million of a $335.5 million common stock raise into its cash reserve, lifting it to $1.4 billion.<\/p>\n

Saylor has not commented publicly on the investigation or CryptoQuant\u2019s warning.<\/p>\n

This post Strategy Stock (MSTR) Nearly Craters Another 10% as Securities Lawsuit Lands<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Strategy Stock (MSTR) Nearly Craters Another 10% as Securities Lawsuit Lands 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 […]<\/p>\n","protected":false},"author":1,"featured_media":46409,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-46408","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nStrategy Stock (MSTR) Nearly Craters Another 10% as Securities Lawsuit Lands - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=46408\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategy Stock (MSTR) Nearly Craters Another 10% as Securities Lawsuit Lands - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Strategy Stock (MSTR) Nearly Craters Another 10% as Securities Lawsuit Lands Strategy Inc. 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