Strategy ($MSTR) Shares Sink Over 20% in 5 Days as Bitcoin Crashes to $72,000
Strategy ($MSTR) shares dropped over 20% in five days, mirroring Bitcoin's crash toward $72,000.Summary
Shares of Strategy ($MSTR), the largest corporate holder of Bitcoin, have plunged significantly, falling roughly 9% on the day and over 20% in five days, tracking Bitcoin's decline toward $72,000. The stock is down 72% from its November 2024 peak. Amid the downturn, Canaccord Genuity analyst Joseph Vafi drastically cut his price target for MSTR from $474 to $185, though he maintained a Buy rating, suggesting potential upside if volatility subsides. Despite the market pressure, Strategy recently purchased 855 Bitcoin for $75.3 million, bringing its total holdings to 713,502 BTC at an average cost of $76,052 per coin. The company continues to use common stock sales to fund these acquisitions, and investors await the upcoming Q4 2025 earnings release for further insight into its strategy.
(Source：Bitcoin Magazine)