Strategy Stock ($MSTR) Hits 52-Week Low As Bitcoin Craters Below $84,000
Bitcoin Magazine
Strategy ($MSTR) stock hit a 52-week low as Bitcoin's price dropped below $84,300, exacerbated by broader market weakness.Summary
Strategy stock ($MSTR) reached a 52-week low of $140.25, dropping as much as 10%, driven by a significant decline in Bitcoin's price to around $84,300. Strategy's stock often acts as a leveraged proxy for Bitcoin, amplifying price swings. This sell-off was compounded by weakness in broader tech markets, although Meta shares rose on strong earnings. Despite the stock drop, Strategy recently announced another major Bitcoin purchase, acquiring 2,932 BTC for $264 million, funded through its at-the-market (ATM) offering program. This brought their total holdings to 712,647 BTC, representing about 3.4% of Bitcoin's fixed supply, with an average acquisition price of $76,037 per coin.
(Source：Bitcoin Magazine)