Hupzy (Spot On Chain)|Jun 26, 2026 10:04
๐จ MSTR has fallen ๐ด๐ฑ% ๐ณ๐ฟ๐ผ๐บ ๐ถ๐๐ ๐ก๐ผ๐๐ฒ๐บ๐ฏ๐ฒ๐ฟ ๐ฎ๐ฌ๐ฎ๐ฐ ๐๐ง๐, with its preferred stock STRC trading ๐ฎ๐ฑ% ๐ฏ๐ฒ๐น๐ผ๐ $๐ญ๐ฌ๐ฌ ๐ฝ๐ฎ๐ฟ. Saylor responded: "volatility tests every capital structure." The selloff coincides with broader crypto weakness and sustained ETF outflows.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: MSTR trading 85% below ATH with preferred stock 25% underwater is a serious capital structure stress signal. When preferred shares trade this far below par, the market is pricing in meaningful default or restructuring risk. For BTC traders, MSTR's distress can create forced selling pressure on their BTC holdings, adding to the already-heavy ETF outflow headwinds. Watch for any margin-call cascades or BTC liquidations tied to MSTR's treasury positions.
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