STRC Falls Below $97 as Latest Bitcoin Sale Challenges MicroStrategy’s Capital Turbine

BTC

BTC/USDT

$63,607.10

-0.51%

$63,607.10

-0.51%

(24s)

24h Volume

$11,221,304,924.45

24h H/L

$64,515.43 / $63,238.00

Change: $1,277.43 (2.02%)

Long/Short

65.5%

Long: 65.5%Short: 34.4%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,587.81

▼ -0.60%

Volume (24h): -

Resistance Levels

Resistance 3$66,992.25

Resistance 2$64,901.59

Resistance 1$63,828.39

Price$63,587.81

Support 1$62,837.35

Support 2$61,352.67

Support 3$57,800.19

Pivot (PP):$64,389.14

Trend:Sideways

RSI (14):46.2

BeInCrypto Editorial

(11:34 AM UTC)

1 min read

Reviewed byJames Mitchell

0 comments

MicroStrategy sold 32 Bitcoin (BTC) between May 26 and May 31 to help fund dividends on its preferred stock, its first such sale since 2022. Now, its STRC shares are trading below their $100 par value.

The sale was small next to the 843,706 BTC the company holds. Still, it raised a sharper question for investors. Can MicroStrategy keep buying Bitcoin if the engine behind those purchases stalls?