Shares of Strategy, the largest institutional holder of bitcoin, have dropped over 9% to multi-year lows amid a broader crypto market decline. Billionaire Michael Saylor reaffirmed the company's commitment to bitcoin despite analyst warnings to halt further purchases and rebuild cash reserves due to growing unrealized losses. Strategy holds over 845,000 bitcoins valued at nearly $64 billion but faces pressure as bitcoin prices hit a 21-month low. The company's recent bitcoin sale sparked market selloffs, and analysts urge caution to restore investor confidence.
Shares of Strategy (formerly MicroStrategy) dropped 7% to around $87, continuing a 46% decline over the past month due to Bitcoin's recent price slide. Bitcoin fell 1.44% to about $59,332, hitting a 21-month low, which heavily impacts Strategy as it ...
Over the past decade, MARA Holdings focused on bitcoin mining but faced heavy losses and share dilution, resulting in a 64% loss over 10 years. In contrast, Strategy (MicroStrategy) bet on holding bitcoin directly, achieving a 532% gain despite recen...
