STRC stock drops 23% to $76 as correlation with BTC rises
STRC, a yield-generating stock, has seen its 90-day correlation with bitcoin climb to nearly 0.70, the highest level since its debut in July 2025.
The stock has dropped 23% this month to $76, while bitcoin has fallen nearly 20% to below $60,000.
This tightening correlation undermines STRC’s appeal as a relatively steadier income vehicle, as it is tied to the company’s large bitcoin holdings, worth $50.4 billion.