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 is highly leveraged on Bitcoin's value. The company reported a massive Q1 operating loss of $14.5 billion, mainly from unrealized Bitcoin losses, despite growth in its software business. Investors face a volatile outlook with risks from large debt, preferred dividends, and share dilution, while potential Bitcoin recovery offers upside if the cryptocurrency stabilizes.

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Bitcoin miners MARA and holders Strategy show starkly different 10-year returns amid crypto volatility

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...

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