Michael Saylor Flags Sharp Market Selloff as Nasdaq Crashes 5.5%

Michael Saylor flagged a sharp market selloff as the Nasdaq fell 5.5% and bitcoin retreated, contrasting the equity losses with Strategy’s preferred stock (STRC) trading near its $100 par benchmark. The comparison followed Strategy’s shift to daily dividends on the preferred shares, which have returned to that $100 level. The episode highlights how the crypto-linked treasury company is positioning its preferred instrument as a steadier income vehicle even as broader equities and bitcoin sell off. Saylor, executive chairman of the Nasdaq-listed MSTR, framed STRC’s stability against the wider drawdown. What to watch next is whether STRC holds near par and how the daily dividend structure performs as volatility persists across equities and digital assets.