Crypto treasury and software stock Strategy Inc (NASDAQ:MSTR) was last seen trading down 10.8% at $158.95, plummeting alongside crypto leader Bitcoin (BTC) , as it slides further below $87,000.
Strategy, formerly MicroStrategy Incorporated (NASDAQ:MSTR), shares plunged more than 10% on Monday following a sharp drop in Bitcoin prices and the company's announcement of a new US dollar reserve. Bitcoin was down 6.6% at about $84,500, sharply lower than its highs above $100,000 at the start of November.
Strategy (MSTR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Shares of MicroStrategy (NASDAQ: MSTR) are down 40% from October highs, mirroring Bitcoin's decline from its $104,050 peak on November 13 to $90,903 today.
Strategy's vast Bitcoin treasury fuels soaring gains and bold guidance, but rising crypto rivals and volatility sharpen the stakes.
MSTR's 41% YTD slide spotlights valuation worries, crypto volatility and mixed signals from its Bitcoin strategy and software growth.
Strategy ( NASDAQ:MSTR ), the former business-intelligence software maker turned Bitcoin (CRYPTO:BTC) holding company, now owns 649,870 bitcoin worth roughly $56 billion at today's price around $86,700.
Bitcoin extended its slide Friday as investors reassess their risk appetite amid broader volatility in financial markets.
Strategy, Inc. (MSTR) is upgraded to a strong buy as shares trade below NAV, signaling potential undervaluation and a compelling entry point. MSTR's Q3 results were driven by significant bitcoin gains, with EPS of $8.42 and net income of $2.8 billion, surpassing estimates. Despite recent share price declines and market skepticism, MSTR's bitcoin exposure and accretive capital raises offer substantial upside if BTC rallies.
Strategy (MSTR) shares have pulled back as Bitcoin prices have slipped lower this month. Rick Ducat examines the chart's fall and focuses on several key indicators driving MSTR shares lower.
Strategy (MSTR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The price of the world's largest cryptocurrency sank to under $92,000, off more than 25% from its October peak.