MicroStrategy and STRC Crash to 52-Week Lows on Wednesday as Saylor's Treasury Model Strained

According to Morning Minute, MicroStrategy's common stock (MSTR) and its preferred shares (STRC) both hit 52-week lows on Wednesday. MSTR fell 9.35% to $94.13, with an intraday low of $92.28, down sharply from its 52-week high of $457.22. STRC, the dividend-paying preferred share funding Bitcoin purchases, dropped 7.41% to $80.84, also a 52-week low and now below its $100 par value.

Bitcoin slid to $59,200 during the selloff but recovered to $61,000 after Micron's earnings beat. Both securities recovered modestly after hours. The decline reflects market concerns over CEO Michael Saylor's treasury model and potential debt obligations.