Strategy STRC Crashes 17% Below Par as Digital Credit Model Fractures
Strategy’s STRC digital credit instrument crashed to $82.53 on June 18, marking a devastating 17% depeg from its $100 par value and the lowest trading level since its July 2025 debut. The collapse, driven by forced liquidation from leveraged investors, signals escalating pressure on the Bitcoin treasury company’s complex capital structure at a moment when…