Bitcoin Plunges, but Michael Saylor Says STRC Still Delivers Gains

Bitcoin fell to near $64K on Nov. 14, down more than 21% over the past month, pushing Strategy's bitcoin holdings further below their acquisition cost. Michael Saylor responded by highlighting positive returns from Strategy's income-paying preferred shares, traded as STRC. Traders will watch whether the drawdown pressures Strategy's leveraged bitcoin exposure and whether STRC's yield story holds up as BTC slides.