{"id":77731,"date":"2026-09-05T01:31:52","date_gmt":"2026-09-05T01:31:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-would-have-to-fall-83-for-strc-to-hit-1x-btc-rating\/"},"modified":"2026-09-05T01:31:52","modified_gmt":"2026-09-05T01:31:52","slug":"bitcoin-would-have-to-fall-83-for-strc-to-hit-1x-btc-rating","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-would-have-to-fall-83-for-strc-to-hit-1x-btc-rating\/","title":{"rendered":"Bitcoin Would Have to Fall 83% for STRC to Hit 1x BTC Rating"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Strategy says bitcoin would need to fall 83% to reach STRC\u2019s $13,136 threshold.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">STRD had the highest displayed bitcoin threshold at $17,517.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">BTC Rating is an illustrative metric, not an external credit rating.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Why Strategy Published the Bitcoin Floor Chart<\/h2>\n<p>Strategy Inc. (Nasdaq: MSTR) used the Sept. 1 chart to address a central risk created by its capital structure: how far bitcoin could decline before the reserve\u2019s modeled value matched the obligations counted for each security. The company stated:<\/p>\n<blockquote>\n<p>\u201c$BTC would have to fall 83% from current levels before $STRC reaches a 1x BTC Rating.\u201d<\/p>\n<\/blockquote>\n<p>A 1x BTC Rating means that, under Strategy\u2019s internal calculation, the value of its bitcoin reserve equals the notional debt and preferred-stock claims included for that instrument. A rating above 1x indicates that the modeled bitcoin value exceeds those claims. It does not mean STRC would default, stop paying dividends, or trade at a particular price once bitcoin reached $13,136.<\/p>\n<p><\/p>\n<p>Each security has a different threshold as the calculation includes a different amount of the company\u2019s capital structure. The chart listed $1,519 for STRF, $13,136 for STRC, $14,198 for STRE, $15,857 for STRK, and $17,517 for STRD. Debt reached 1x at zero under the displayed model.<\/p>\n<p>The gap between bitcoin\u2019s price and STRC\u2019s $13,136 threshold supports Strategy\u2019s argument that its bitcoin reserve provides substantial modeled asset coverage. However, the calculation does not measure the cash available for dividends, the securities\u2019 market values, or potential recovery during a restructuring. Strategy\u2019s <a href=\"https:\/\/www.strategy.com\/credit\" target=\"_blank\" rel=\"noopener noreferrer\">credit metrics<\/a> also note that BTC Rating is illustrative, excludes potential cross-defaults, and is not an external credit rating.<\/p>\n<p>The thresholds shown on the company\u2019s chart represent a snapshot rather than fixed protection levels. Future bitcoin purchases or sales, preferred-stock issuance or repurchases, debt changes, and movements in dollar assets could alter the calculations even if bitcoin\u2019s market price remained unchanged.<\/p>\n<h2>What Strategy\u2019s 1x BTC Rating Measures<\/h2>\n<p>Strategy\u2019s latest capital update showed that the company held 845,050 BTC and $6.71 billion in dollar assets as of Aug. 30. The <a href=\"https:\/\/www.strategy.com\/press\/strategy-acquires-4603-btc-increases-usd-cash-to-1-61-billion-and-repurchases-152-million-of-strc_08-31-2026\" target=\"_blank\" rel=\"noopener noreferrer\">Aug. 31 disclosure<\/a> also reported a $152 million STRC repurchase and a $30 million allocation to USD Cash, bringing that balance to $1.61 billion.<\/p>\n<p>The broader <a href=\"https:\/\/www.strategy.com\/press\/strategy-announces-digital-credit-capital-framework_06-29-2026\" target=\"_blank\" rel=\"noopener noreferrer\">Digital Credit Capital Framework<\/a> established policies governing preferred-stock dividends, repurchases, dollar reserves, and potential bitcoin sales. Strategy had increased the STRC annual dividend rate to 12% and set a corporate objective of keeping the security near its $100 stated amount.<\/p>\n<p>The company\u2019s latest bitcoin purchase added 4,603 BTC for approximately $369.7 million at an average price of $80,318 per coin. Strategy also reported zero net leverage after the transaction, while <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/saylor-strikes-again-strategy-scoops-up-370m-worth-of-bitcoin\/\">coverage of the capital update<\/a> described how the bitcoin acquisition, cash increase, and STRC repurchase affected its balance sheet.<\/p>\n<p>Strategy cautions that the metric excludes possible cross-defaults and uses preferred-stock notional values, even when liquidation preferences could exceed those amounts. The company also states that BTC Rating is neither a liquidity measure nor a key performance indicator.<\/p>\n<h2>Bitcoin Supports Strategy\u2019s Expanding Capital Structure<\/h2>\n<p>Strategy has described bitcoin, digital credit, and common equity as three connected parts of its long-term capital model. The company <a href=\"https:\/\/news.bitcoin.com\/featured\/strategy-sets-bold-goal-to-become-the-worlds-largest-public-company\/\">set an ambition to become the world\u2019s largest public company<\/a> while presenting BTC as its reserve base, STRC as a credit instrument, and MSTR as equity offering amplified bitcoin exposure.<\/p>\n<p>The structure extends beyond the model of a company that merely holds cryptocurrency on its balance sheet. A <a href=\"https:\/\/www.bitcoin.com\/get-started\/bitcoin\/buying-spending\/what-is-a-bitcoin-corporate-treasury\/\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin corporate treasury<\/a> can acquire BTC through operating funds, stock issuance, debt, or preferred securities, exposing investors to both bitcoin price movements and the company\u2019s financing decisions.<\/p>\n<p>Strategy\u2019s capital model has also become central to its dispute with MSCI over a proposed index eligibility test. The company argues that its bitcoin operations constitute an active business rather than passive asset ownership. The <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/saylor-strikes-back-strategy-slams-mscis-flawed-index-test\/\">MSCI consultation<\/a> closes Sept. 30, with a decision expected by Oct. 16.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/featured\/strategy-bitcoin-would-have-to-fall-83-for-strc-to-hit-1x-btc-rating\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Strategy says bitcoin would need to fall 83% to reach STRC\u2019s $13,136 threshold. STRD had the highest displayed bitcoin threshold at $17,517. BTC Rating is an illustrative metric, not an external credit rating. Why Strategy Published the Bitcoin Floor Chart Strategy Inc. (Nasdaq: MSTR) used the [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":77732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77731"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=77731"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/77732"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=77731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=77731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=77731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}