Strategy Shares Fall to 4-Month Low as Bitcoin Dips Below $60K
Strategy shares declined significantly as Bitcoin dropped below $60,000 for the first time since 2024. This decline comes alongside the company selling Bitcoin for the first time since 2022, according to Decrypt.
Strategy saw its stock fall to a four-month low on June 5, 2026, with shares of its preferred stock, STRC, also experiencing a dip. The firm’s stock price dropped to around $114 before recovering slightly to close at $120, marking a nearly 7% decline for the day. Bitcoin's price fell as low as $59,227 before rebounding to about $60,311, reflecting a 5% decrease in the last 24 hours.
This downturn in stock price came after Strategy disclosed that it sold 32 Bitcoin for $2.5 million, leaving its total Bitcoin holdings at a value of $13.7 billion underwater. Strategy, a Bitcoin-buying firm co-founded by Executive Chairman Michael Saylor, faced market scrutiny for selling Bitcoin as a potential way to maintain liquidity for dividend payments on its preferred stock.
Mark Palmer, an analyst at Benchmark-StoneX, commented, "The pullback in STRC is well within the range we’d expect," indicating that this decline is not a major concern for the company. This sentiment reflects a broader perspective on the volatility associated with both Bitcoin and strategy stocks.
Despite today's struggles, the preferred stock, which is designed to trade at a $100 par value, faced further pressure, declining to $93. Analysts note that the STRC market cap has grown to $9.55 billion since its $2.5 billion initial public offering. Investors may want to watch both Bitcoin prices and STRC performance closely in the upcoming days for signals of recovery or continued decline.
Summary based on original reporting by André Beganski at Decrypt, originally published Jun 5, 2026. SolanaWire does not republish source content.
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