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Strategy Bitcoin policy unravelsUpdate 4 of 20
Strategy Hits Two-Year Low on BTC Losses

Strategy Hits Two-Year Low on BTC Losses

Unverified — auto-generated summary, not yet reviewedBitcoinJun 25, 2026

Strategy is abandoning its 'never sell' Bitcoin posture, selling BTC to fund dividends and rebuild cash reserves while its preferred stock, share price, and accumulation model face mounting stress.

Strategy shares fell below $100 for the first time since March 2024, reaching a two-year low, as the company's Bitcoin holdings showed an unrealized loss of $12.6 billion. Analysts at CryptoQuant and Benchmark called on Strategy to pause Bitcoin purchases and rebuild cash reserves, with critics describing STRC preferred shareholders as functioning as a cash backstop subject to dilution. STRC hit a new low as analysts debated the structural sustainability of Strategy's capital model.

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