---
title: "Strategy loses its bitcoin premium as enterprise mNAV dips below 1"
url: https://thecoingazette.com/strategy-loses-its-bitcoin-premium-as-enterprise-mnav-dips-below-1/
date: 2026-06-26
modified: 2026-06-27
author: "Coin Gazette Editorial"
description: "Strategy's STRC briefly fell to a record low of $71.40 on Friday, leaving the preferred shares about 25% below par."
categories:
  - "Bitcoin"
  - "Crypto News"
  - "Strategy"
tags:
  - "Bitcoin"
  - "Companies"
  - "Crypto Ecosystems"
  - "Layer 1s"
  - "Markets"
  - "Public Equities"
  - "Strategy"
  - "STRC"
  - "The Block"
  - "Token Projects"
word_count: 20
---

# Strategy loses its bitcoin premium as enterprise mNAV dips below 1

Strategy's STRC briefly fell to a record low of $71.40 on Friday, leaving the preferred shares about 25% below par.