STRC's anchor slippage worsened in the early morning, briefly falling to $82.70 before closing at $88.80.

According to Mars Finance, on June 19th, market data showed that Strategy's "Stretch" variable-rate perpetual preferred stock (STRC) experienced a significant de-pegging, hitting a new recent low. It plummeted to a low of $82.7 in the early hours of the morning, closing at $88.8. STRC is Strategy's preferred stock used to raise funds to buy Bitcoin. Its par value is roughly pegged to $100, with a relatively high dividend payout. The dividend yield is adjusted based on price movements, aiming to keep it as close to par value as possible. The significant de-pegging of STRC indicates a market demand for higher yields and a decline in investor confidence in its credit and dividend stability. Strategy previously relied heavily on issuing STRC to raise funds for Bitcoin purchases; if the STRC price falls below par value, issuing new STRC becomes unprofitable, essentially borrowing at a higher cost. Therefore, its ability to continue buying Bitcoin is weakened.