Cointelegraph’s market analysis focuses on the pressure facing Strategy after the launch of STRC. According to the report, Bitcoin’s price is down more than 40% since STRC was launched, while STRC itself has slipped below par. Those two points have brought renewed scrutiny to the Bitcoin-centered approach associated with Michael Saylor and Strategy.

The report says STRC’s fall below par has emboldened critics. The move has become a key part of the discussion around Strategy because the company’s Bitcoin buying has also slowed. As a result, the debate is no longer limited to STRC’s price action alone; it also extends to whether the BTC “flywheel” tied to Saylor’s strategy is still functioning as intended.
Cointelegraph frames the central question directly: is Strategy still “fine”? The article does not present a final answer in the provided summary. Instead, it highlights the factors driving the debate — Bitcoin’s decline of more than 40% since STRC launched, STRC trading below par, slower Bitcoin purchases by Strategy, and criticism of the Saylor-led BTC flywheel.

