STRC Correlation to Bitcoin Hits All-Time High, Stablecoin's Safe Haven Status Weakening

BlockBeats News, June 26th, It has been reported that the 90-day correlation between Strategy's perpetual preferred stock STRC (Stretch) and Bitcoin has risen to nearly 0.70, hitting a new high since its launch in July 2025. This indicates that the price trend of STRC is increasingly closely following Bitcoin's volatility, weakening its attractiveness as a relatively stable income-generating product.

Data shows that this month, STRC has dropped by 23% to $76, while Bitcoin has also dropped by nearly 20% during the same period, falling below $60,000. STRC has a face value of $100 and adopts a floating dividend mechanism, with the current annualized dividend yield at 11.5%. The company originally hoped to continuously issue more shares to finance the purchase of more Bitcoin by maintaining the stock price close to the face value.

However, due to STRC currently trading significantly below the face value, Strategy's ability to raise funds through issuing more shares to buy Bitcoin has been limited. At the same time, the company has recently sold a small amount of Bitcoin to pay dividends, which sharply contrasts with its long-standing "never sell Bitcoin" strategy.

Market opinions are divided, with some investors believing that the current discount of STRC provides an investment opportunity that combines high yield and potential capital appreciation. There are also concerns that if the downturn continues, it may weaken Strategy's financing ability and impact its strategy of continuously increasing Bitcoin holdings relying on the capital market.