Strategy preferred stock STRC has fallen below 95 US dollars, currently trading at 94.65 US dollars, down over 5 percent from its 100 US dollar target price. STRC is a preferred share issued by Strategy to increase its Bitcoin holdings, and the asset is highly correlated with the company's Bitcoin position. As Bitcoin has retreated to the 66,000 US dollar range, STRC has weakened in tandem. The market is watching whether this preferred stock will face further selling pressure.
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