Bitcoin Plunges, but Michael Saylor Says STRC Still Delivers Gains

Michael Saylor highlighted positive returns from Strategy’s income-paying preferred shares, traded as STRC, while bitcoin fell near $64K on Nov. 14, down more than 21% over one month. The slide pushed the company’s bitcoin holdings further below their acquisition cost. Michael Saylor, founder and executive chairman of Strategy Inc. (Nasdaq: MSTR), compared STRC’s returns with bitcoin’s price performance on X on Nov. 14. STRC, also called Stretch, is its preferred stock with a dividend rate the company can adjust. The figures covered one week, one month, three months, and one year.