"Shares of Strategy plunged today, dipping more than 8% in trading as Bitcoin traded at new one-year lows and crypto risk assets came under renewed pressure. The decline pushed MSTR's share price to levels not seen since late 2024, deepening a multi‑month downtrend that has left the stock among the worst performers on the Nasdaq this year. Bitcoin's slump - dipping below key technical thresholds over the weekend and early week - has reverberated through markets, hitting crypto‑linked equities especially hard."
"With over 713,000 Bitcoins on its balance sheet, purchased at an average cost near $76,000 per coin, Strategy is grappling with unrealized losses after Bitcoin's recent slide below that level. Despite price dips, Chairman Michael Saylor has made it clear that Strategy won't be selling its Bitcoin - and in fact is doubling down on purchases even as the market dips, signaling his intent to keep accumulating more."
MicroStrategy's shares plunged over 8% as Bitcoin reached new one-year lows, deepening a multi-month downtrend and leaving the stock among the Nasdaq's worst performers. Bitcoin's fall below key technical thresholds increased correlations between Bitcoin and crypto-linked equities, causing losses at platforms like Robinhood and Circle. MicroStrategy holds 713,502 BTC acquired for roughly $54.26 billion at an average cost near $76,052 per coin, producing significant unrealized losses as prices fell below that level. The company bought 855 BTC last week at an average price of $87,974, fully funded by selling common stock. Chairman Michael Saylor intends to continue accumulating and not sell.
Read at Bitcoin Magazine
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