Saylor Weighs Nasdaq Drop Against Bitcoin Weakness and STRC Stability
Michael Saylor’s market comparison came as bitcoin fell 5.33% and Strategy’s preferred stock traded close to its $100 benchmark.
Michael Saylor’s market comparison came as bitcoin fell 5.33% and Strategy’s preferred stock traded close to its $100 benchmark. Bitcoin (BTC) is trading at ₹71,91,432 ($76,070.00), down 0.2% since this brief published. This is an original Token Times brief based on reporting by Bitcoin.com, with live market data added, as of Fri, 06 Nov 2026 02:00:01 UTC.
The episode placed Strategy’s preferred stock, bitcoin and US equities in the same risk-off frame. With STRC near par and its dividend policy now daily, investors are watching whether the preferred share remains insulated while crypto and tech stocks weaken.
- Saylor compared falling equities and bitcoin with STRC trading near par.
- Nasdaq fell 5.5% during the sharp market selloff.
- Bitcoin traded at $76,202, down 5.33% over 24 hours.
- Strategy’s preferred shares returned to their $100 benchmark.
- Saylor Defends Bitcoin Against AI Competition Concerns
- Saylor Weighs Nasdaq Drop Against Bitcoin Weakness and STRC Stability — this brief
Michael Saylor, Strategy’s founder and executive chairman, compared a broad equity selloff with bitcoin’s retreat and the performance of Strategy’s preferred stock. His comments came as the Nasdaq fell 5.5%, with bitcoin trading at $76,202, down 5.33% over 24 hours. He also noted that the preferred stock was trading near par value while bitcoin was under pressure.
The comparison followed Strategy’s move to daily dividends and the preferred shares’ return to their $100 benchmark. The 
Bitcoin.com report highlighted STRC’s closing price as a reference point for Saylor’s assessment, placing the preferred stock alongside bitcoin and Nasdaq weakness in the same market discussion.
The broader crypto market was broadly lower, with total capitalization at $2.63 trillion. Bitcoin accounted for $1.53 trillion of that value and was down 2.06% over seven days as well as 5.33% over 24 hours. The Fear & Greed reading stood at 28, categorized as Fear.
The development is significant because it highlights the contrast between a preferred instrument trading around its benchmark and riskier assets retreating during a broad selloff. The next points to watch are STRC’s price relative to $100, the continuation of daily dividend payments, and whether bitcoin and the broader crypto market stabilize as equity volatility remains elevated.
Since this brief published about 1 hour ago, Bitcoin (BTC) has moved from ₹72,03,910.84$76,202.00 to ₹71,91,431.95$76,070.00 — -0.17%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $70,000 by December 31, 2026?
Crowd-implied probability on Polymarket, ₹14.42M 24h volume, resolves Jan 1 — snapshotted when this brief published (Nov 6 01:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹7.71M (about $76,070.00), down 5.7% over 24 hours. The rupee itself trades about 7.3% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Saylor Weighs Nasdaq Drop Against Bitcoin Weakness and STRC — questions & answers
What did Saylor compare during the market selloff?
He compared falling US equities and bitcoin with Strategy’s preferred stock trading near par value.
Where was bitcoin trading as the selloff unfolded?
Bitcoin was priced at $76,202, down 5.33% over 24 hours and 2.06% over seven days.
What changes had Strategy made before Saylor’s comments?
Strategy shifted to daily dividends, while its preferred shares returned to their $100 benchmark.
How much is 1 Bitcoin worth in rupee today?
About ₹7.71M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $76,070.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.17% since this brief first published — trading at ₹71,91,432 ($76,070.00) now versus ₹72,03,911 ($76,202.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin.com. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.