[Since STRC's Launch, Bitcoin Price Has Dropped Over 40%] According to Golden Finance, as of June 22, since Michael Saylor's Strategy launched its flagship Bitcoin financing tool Stretch (STRC) in late July 2025, Bitcoin (BTC) has dropped by approximately 50%. STRC was originally designed to trade close to its $100 face value, enabling Strategy to raise funds to purchase more Bitcoin. Currently, the tool is trading at a significant discount, indicating pressure on Bitcoin purchasing channels. On Thursday, STRC fell to a historic low of $82.53, eventually closing at $88.59, still below its $100 face value.