**[Strategy: Bitcoin Needs to Drop 83% to Reach STRC 1x BTC Rating]** Odaily Planet Daily News reports that Strategy stated, according to its internal model, Bitcoin's price would need to drop 83% from its current level to $13,136 for STRC to reach a 1x BTC Rating. This indicator represents the reserve value of Bitcoin being equal to the nominal debt and preferred equity claims included in the security, rather than an external credit rating. The model shows that the Bitcoin price thresholds corresponding to STRF, STRC, STRE, STRK, and STRD are $1,519, $13,136, $14,198, $15,857, and $17,517, respectively, with the debt threshold in this model being zero. The BTC Rating does not imply that STRC will default, suspend dividends, or trade at a specific price. As of August 30, Strategy held 845,050 Bitcoins and $6.71 billion in assets. On August 31, the company disclosed a $152 million STRC buyback and allocated $30 million to USD cash, increasing the balance to $1.61 billion. Its latest Bitcoin transaction involved an additional purchase of 4,603 Bitcoins, amounting to approximately $369.7 million at an average price of $80,318. (Bitcoin.com News)