Bitcoin price is down over 40% since STRC launched: Is Strategy ‘fine’?

Blockchain

STRC’s slide below par has emboldened critics, slowed Strategy’s Bitcoin buys and sparked debate over whether Michael Saylor’s BTC flywheel is still fine.

Bitcoin (BTC) has fallen roughly 50% since Michael Saylor’s Strategy launched Stretch (STRC), its flagship Bitcoin-funding vehicle, in late July 2025.

BTC/USD monthly chart. Source: TradingView

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