Bitcoin risks losing $70K as Strategy's STRC slips below $100
STRC's dropped below its $100 par value, indicating that Strategy will likely pause Bitcoin buying this week, which could help the bears pull price down to $70,000.
Bitcoinย BTC$75,728 ย rose 2.66% to around $75,800 on Monday afterย Strategy disclosed a $2.54 billion purchase, the companyโs third biggest ever, and equivalent to about 2.5 months of new BTC supply.
However, several indicators suggest the rally may fizzle out.
Key takeaways: Poor macro conditions can spark BTC price pullback if Strategyโs buying slows. Bitcoinโs technical setup hints at a potential dip toward $67,000โ$69,000. Strategy may halt BTC purchases this week Strategy funded most of its latest 34,164 BTC purchase through its preferred stock, Stretch (STRC), which generated over $2.17 billion through at-the-market share sales between April 13 and April 19.
That accounted for roughly 86% of the total amount spent, while sales of its Class A common stock, MSTR, added another $366 million. STRC lets Strategy raise cash for Bitcoin when it trades at or above $100. Stronger prices mean easier fundraising and more BTC buying. In 2026, STRC enabled the purchases of 77,000 BTC, ten times more than all the ETFs combined, perย River data.
But STRC has been trading below its $100 par value since April 15, which may limit Strategyโs ability to keep raising cash to purchase more Bitcoin this week.
Inย past episodes, pauses in Strategyโs Bitcoin purchases have coincided with BTC price slumps. For instance, on average, BTCโs price has dipped by roughly 30% when STRC traded below its $100 par value. The halt appears alongside weakening risk sentiment, with US stock indexes falling amid doubts over the USโIran peace deal. US President Donald Trumpย saidย it was โhighly unlikelyโ he would extend the two-week truce if no agreement is reached before it expires on Wednesday. Any signs of an extended Middle East conflict may weigh on BTCโs prices. BTC flag pullback hints at $67,000โ$69,000 Bitcoinโs current chart
DoorDash to offer stablecoin payments to users via Tempo blockchain 48 minutes ago
DoorDash plans to offer its users, โdashersโ and merchants the option to use stablecoins in their transactions with the food delivery app, according to the Tempo blockchain. In a Tuesday notice, Tempoย saidย that together with DoorDash, it was โbuilding stablecoin-powered payment infrastructureโ in a move for its delivery drivers, also known as โdashers,โ merchants, and users to settle transactions using digital currency. The blockchain cited payout speed, lower cross-border cost and transaction flexibility in its reasons for the integration, expected to apply to users in more than 40 countries.ย โIf we can get merchants and Dashers their money faster, and do that in a way that's affordable for them, that's a no-brainer for the entire ecosystem,โ said DoorDash co-founder Andy Wang.
Tempo announced the DoorDash integration as part of a larger move into stablecoins along with payments platform Stripe, investment firm Paradigm, Coastal Bank and fintech company ARQ. While the delivery app previouslyย announced moves into AI, the stablecoin infrastructure would represent a significantly large delivery app onboarding a digital asset payment rail for everyday settlements. In February, DoorDashย reportedย that it delivered 903 million orders in the fourth quarter of 2025, at a total value of $29.7 billion. The delivery platform is slated to report Q1 2026 results on May 6. Related:ย UK plans payments rule changes for stablecoins, tokenized deposits Payment companies continue to expand stablecoin infrastructure In addition to its work with Tempo, Stripe agreed to purchase the stablecoin platform Bridge as part of a $1.1 billion deal in 2024. Traditional credit card companies, including Visa and Mastercard, have reached similar agreements moving closer to stablecoins. Mastercard agreed in March to buy stablecoin infrastructure company BVNK for a reported $1.8 billion, while Visaย expanded its stablecoin settlement platformย in July to support additional stablecoins.