The biggest bitcoin whale has tumbled 77% from its 52-week high to a two-year low.
Its main preferred stock has sold off hard, hoisting its effective interest rate over 13%
MSTR stock bears — and there are plenty — will point to these facts as evidence that Strategy (MSTR) is in distress and forced sales of bitcoin may be needed.… Related news Bitcoin Whale Faces Gut Punch: Borrowing Rate May Hit 12% 6/18/2026 Strategy’s biggest gun for buying bitcoin — preferred stock issuance — is about to get more costly. 6/18/2026 Strategy’s biggest gun for buying bitcoin — preferred stock issuance