Bitcoin Price Declines as Strategy's STRC Reaches Record Low
Bitcoin's value fell to around $58,188, impacted by the declining price of Strategy's preferred stock, STRC. According to Decrypt, STRC's price dropped over 25% from its par value, contributing to broader liquidations in the crypto market.
Bitcoin's price fell sharply on June 25, 2026, dropping to approximately $58,188 before recovering slightly to $59,273, marking a 3.3% decline in just one day. This downturn comes after Strategy's flagship preferred stock, known as Stretch (STRC), recorded a significant fall, trading down 8% to $74.13. This performance represents a more than 25% decline from its intended par value of $100.
The decline in STRC has raised concerns regarding the credibility of Michael Saylor, Executive Chairman and co-founder of Strategy, particularly in relation to his vision for "digital credit." As STRC continues to suffer, associated market reactions have led to broader liquidations across various crypto positions. Data from CoinGlass indicates that more than $1.44 billion in positions have been liquidated due to these events, predominantly targeting long positions expecting price increases, which accounted for $1.2 billion of the total. Bitcoin alone triggered about $658 million in liquidations.
This ongoing situation underscores the volatility faced in the crypto market, reflecting how significant declines in particular stocks can have cascading effects on widespread digital assets like Bitcoin. Investors are advised to monitor the developments surrounding both Bitcoin's fluctuations and the performance of relevant market stocks closely as confidence wavers.
Summary based on original reporting by André Beganski at Decrypt, originally published Jun 25, 2026. SolanaWire does not republish source content.
Retail Investors Lose Trust in Strategy Amid Stock Declines and Uncertain Future
Strategy has approximately 10 months of cash reserves to meet its dividend obligations, despite a sharp decline in its stock price. CEO Alexander Blume highlights that ongoing changes in plans by Michael Saylor have eroded confidence among retail investors, as reported by CoinDesk.
19 minutes ago·CoinDesk·Reported by James Van Straten
Hyperion Decimus Points to Rare On-Chain Signals for Bitcoin Turning Point
Hedge fund Hyperion Decimus notes that four rare on-chain indicators signify a potential turning point for Bitcoin, as detailed by CoinDesk. Portfolio manager Chris Sullivan claims these indicators, previous indicators of market bottoms, suggest Bitcoin may soon break a critical resistance level or face a final capitulation within 90 days.
34 minutes ago·CoinDesk·Reported by Helene Braun
Key Considerations for Bitcoin Inheritance Planning
On June 25, 2026, CoinDesk's Zac Townsend discusses important questions to consider when planning for bitcoin inheritance. As the crypto industry matures, ensuring smooth access for loved ones becomes paramount, with practical steps outlined for crypto holders.
1 hour ago·CoinDesk·Reported by Zac Townsend
Bitcoin Drops to $58,000, Short-Squeeze Potential Aligns
On June 25, 2026, Bitcoin falls to $58,000, marking its lowest point since 2024. Derivatives data indicates a crowded short position, suggesting a potential for a short squeeze according to reporting from CoinDesk.
1 hour ago·CoinDesk·Reported by Krisztian Sandor
Trending this week
Bitcoin May Drop to $44,000 by Year-End, Says Miner Jiang Zhuoer
Prominent Chinese bitcoin miner Jiang Zhuoer predicts that bitcoin could decline further, reaching between $42,000 and $44,000 by the end of 2026. His analysis is based on market net asset value metrics, as reported by CoinDesk.
1 hour ago·CoinDesk·Reported by Shaurya Malwa
Kraken Files Lawsuit Against PowerTrade Over Misappropriated Funds
Kraken's parent company, Payward, has initiated legal proceedings against the derivatives platform PowerTrade, claiming the wrongful appropriation of approximately $7.2 million in digital assets. The lawsuit alleges unauthorized transactions that transformed Kraken's positive balance into a nearly $2 million deficit, according to CoinDesk.
2 hours ago·CoinDesk·Reported by Ian Allison
Binance Withdraws Greek MiCA Bid, Pursues Alternative EU License
Binance has officially withdrawn its application for a Markets in Crypto-Assets (MiCA) license in Greece and will seek authorization in another EU member state, as reported by CoinDesk. The company faces a deadline of July 1 to secure a license or cease operations across the European Union.
23 hours ago·CoinDesk·Reported by Olivier Acuna
Europol Freezes $47M in Crypto During Global Infostealer Operation
Europol has announced that its Operation Endgame has resulted in the freezing of over €41 million ($47 million) in criminal cryptocurrency tied to three malware families. The initiative dismantled the infrastructure behind malware that targeted crypto wallets and passwords, affecting more than 385,000 systems, according to Decrypt.
3 hours ago·Decrypt·Reported by Decrypt Agent