STRC Stock Crashes Below Par Value Amid Michael Saylor Controversy

Strategy's STRC stock has taken a significant hit, plummeting to $82.5 on June 18, well below its $100 par value for the first time in months.

The drop has sparked criticism of Strategy and its founder Michael Saylor, with some accusing him of financial recklessness.

Gold advocate Peter Schiff has been vocal about his concerns, predicting that Saylor will end up in prison due to his 'financial house of cards' collapsing. He accused Saylor of violating SEC rules and urged investors to file lawsuits against the company.

Strategy fired back with a statement claiming it has enough bitcoin reserves to cover 32 years of dividend payments, but critics argue that this calculation doesn't account for potential dividend rate increases or a drop in bitcoin's price.