STRC collapses 25% below par as MSTR tumbles to 2024 low

Strategy's STRC perpetual preferred slid to $75 on Thursday, a 25% discount to its intended $100 par value, while MSTR dropped 8% to $86, its lowest level since February 2024. The two stocks now price a sharp repricing of investor confidence in Michael Saylor's bitcoin treasury machine, even as the…