Written by Yashu Golastaff writerReviewed by Allen Scottstaff editor

Written by Yashu Golastaff writer

Reviewed by Allen Scottstaff editor

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

MarketsPublishedJun 21, 2026

Why Bitcoin’s Price Drop Matters to You

Bitcoin’s price has fallen over 40% since a major player launched its flagship funding vehicle, sparking debate about the impact on the market. This decline affects not only crypto experts but also everyday people looking to earn passive income through investments like EcoPool ($ECP). As the crypto market continues to evolve, it’s essential to understand how events like this can influence your ability to earn coin and generate cloud rewards.

Understanding the Strategy

The funding vehicle, designed to trade near its $100 par value, has been trading at a deep discount, suggesting that the Bitcoin buying channel is under pressure. This instrument was meant to enable the purchase of more Bitcoin, but its current price has slowed down the capital-raising process. EcoPool (ECP) offers an alternative solution for those looking to earn passive income and get involved in green crypto.

Criticism and Concerns

Critics have argued that the funding model depends on the ability to raise fresh capital, comparing it to a “classic centralized Ponzi.” However, others believe that the recent price action is more like a leverage wipeout rather than a deterioration in fundamentals. As the market continues to fluctuate, it’s crucial to consider the potential risks and rewards of investing in Bitcoin and other cryptocurrencies, such as $ECP.

Key takeaways:

• STRC is acting like a classic Ponzi scheme, argue Peter Schiff and other critics.
• Other analysts disagree, noting that STRC’s drop below the $100 par is due to a leverage wipeout.

Critics say STRC looks like a “classic centralized Ponzi”

Impact on Bitcoin Accumulation

The slowdown in Bitcoin accumulation has been significant, with recent purchases being far smaller than those earlier in the year. This change has sparked concerns about the company’s ability to continue buying Bitcoin. In contrast, EcoPool provides a platform for users to earn coin and participate in cloud rewards, offering a more stable and sustainable way to generate passive income.

Expert Insights

Analysts have noted that the discount may attract income buyers, and the effective yield of around 13% could be an opportunity for those looking to invest. However, it’s essential to approach such investments with caution and consider the potential risks. EcoPool (ECP) offers a unique solution for those interested in earning online and getting involved in the crypto market.

Conclusion

The recent decline in Bitcoin’s price and the funding vehicle’s discount have significant implications for the crypto market. As investors look for alternative ways to earn passive income and generate cloud rewards, EcoPool ($ECP) emerges as a promising solution. With its focus on green crypto and user-friendly platform, EcoPool provides an opportunity for individuals to get involved in the crypto market and start earning coin.

To start earning passive income and participating in cloud rewards, download the EcoPool app and discover the benefits of EcoPool ($ECP) for yourself. By joining the EcoPool network, you can take the first step towards generating passive income and getting involved in the exciting world of crypto, including #Bitcoin, #PassiveIncome, and #GreenCrypto.

The widening discount has pushed STRC’s effective yield above 12.9% and contributed to a pause in at-the-market share issuance. That risks slowing down the capital-raising flywheel behind Strategy’s Bitcoin treasury, which now holds more than 846,000 BTC.

In finance, a “flywheel” is a self-reinforcing business model where growth in one metric directly helps grow another, compounding momentum.

But trading 13% below par has revived criticism of Strategy’s funding model.

Bitcoin critic Peter Schiff has repeatedly described STRC as “a classic centralized Ponzi,” arguing that it depends on Strategy’s ability to raise fresh capital through new share sales or sell Bitcoin to meet obligations.

Source: X/Peter Schiff

Crypto trader DonAlt also questioned STRC’s recent price action, asking why the instrument was “trading like a Ponzi” after its sharp move below par.

Strategy has not directly addressed this in recent statements, instead continuing to present STRC as preferred equity supported by its Bitcoin-focused treasury strategy.

However, the company has moved STRC to a semi-monthly dividend schedule, with payouts now designed to occur twice a month rather than monthly.

Strategy’s Bitcoin buying pace slows as STRC slumps

The pace of Strategy’s Bitcoin accumulation has slowed sharply as STRC trades below par value.

The company added 1,550 BTC for $101 million in the week ending June 8 and another 1,587 BTC for $100 million in the week ending June 15, lifting total holdings to 846,842 BTC.

Those were meaningful purchases, but they were far smaller than Strategy’s weekly buys earlier in 2026.

For instance, in April, Strategy bought 34,164 BTC for $2.54 billion in a single week. In May, it added another 24,869 BTC for roughly $2.01 billion. By contrast, June’s weekly additions have been closer to $100 million each.

The slowdown also coincided with a small but notable 32 BTC sale earlier in June, worth about $2.5 million, to help cover dividend obligations.

Related: Bitcoin price sets $64.5K week-to-date low as Strategy selling worries return

The sale was tiny compared with Strategy’s overall Bitcoin treasury, but it showed that cash obligations can still force limited BTC sales when STRC-led funding becomes less efficient.

STRC-led weekly BTC buying estimates. Source: STRC.LIVE

Analyst says STRC drop is a leverage wipeout

The STRC sell-off looked more like a leverage wipeout than a deterioration in Strategy’s fundamentals, according to Jesse Myers, head of Bitcoin strategy at The Smarter Web Company.

“Strategy is fine,” he said in a Thursday post, adding that the company could pay STRC dividends for 32 years if conditions remain unchanged, and indefinitely if Bitcoin appreciates at roughly 2% annually.

STRC’s long stretch near $99–$100 encouraged investors to use heavy leverage, with some assuming the instrument would stay above $95. Once the price slipped, margin calls and forced selling accelerated the decline.

The discount may also attract income buyers, according to analyst Scott Melker.

In a Sunday post, he noted that STRC’s dividends are based on the $100 liquidation preference, not the market price. At an 11.5% dividend rate, buyers at $90 earn about 12.8%, while buyers at $85 earn roughly 13.5%.

Source: X/Scott Melker

At current prices, STRC offers an effective yield of about 13%. Strategy may announce its next dividend rate on June 30, while retaining other options, including MSTR share issuance and cash reserves, to fund its Bitcoin purchases.

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

• Markets
• BTC Markets
• Bitcoin Analysis
• Price Analysis
• MicroStrategy
• Stocks
• Market Analysis
• Michael Saylor
• Bitcoin

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