The discount below its $100 par value adds strain to Strategy’s funding model as Bitcoin trades under the company’s average purchase price.
STRC, linked in the source to @Saylor, has dropped to $95.47, leaving it about 4.5% below its $100 par value and unable to regain that level since May 28. The move increases pressure on Strategy’s funding model, a point highlighted in the source as Bitcoin also trades below the company’s average purchase price. Trading below par can matter because it may signal weaker demand for an instrument and can complicate financing conditions tied to market confidence.