Strategy ($MSTR) Plummets 8% As Bitcoin Hits One‑Year Lows

Shares of Strategy ($MSTR) fell more than 8% amid Bitcoin hitting new one-year lows, pushing the stock to its lowest levels since late 2024 and making it one of the Nasdaq's worst performers this year. This decline reflects the broader market pressure on crypto-linked equities, affecting companies like Robinhood and Circle as well. Strategy currently holds 713,502 BTC, purchased at an average cost of $76,052 per coin, resulting in significant unrealized losses as Bitcoin dipped below $74,000. Despite the losses, Chairman Michael Saylor has affirmed the company's commitment to not selling its Bitcoin holdings and instead continuing to accumulate more, even during market weakness. Strategy recently purchased 855 BTC for $75.3 million ($87,974 per BTC) last week, funded by common stock sales, though this purchase was smaller than previous acquisitions.

(Source：Bitcoin Magazine)