Shares in the leading Bitcoin treasury firm Strategy (MSTR) are now more than 70% off their 52-week high after the company sold BTC.
In brief
Shares in Strategy (MSTR) closed down more than 9% on Tuesday, one day after selling Bitcoin for the first time since 2022.
TD Cowen maintained a $400 price target on Monday, nearly 200% above its Tuesday closing price of $136.08.
Other top crypto firms, like Coinbase (COIN) and BitMine (BMNR), also saw their shares fall as crypto prices declined.
Bitcoin’s drop into the mid-$67,000s — driven by ETF outflows, Mt. Gox movements, geopolitical tension, and Strategy’s first BTC…
Strategy’s sale of 32 Bitcoin has prompted investors to reassess how corporate BTC treasury companies are valued, with greater…
Analysts at TD Cowen believe shares in Bitcoin-buying Strategy behemoth could jump more than 139% in the next 12 months.
Strategy sold Bitcoin, sparking jitters among investors and raising questions among analysts toward the prospect of future sales.
Michael Saylor’s Strategy, the leading Bitcoin treasury company, now has a stock market cap worth less than the Bitcoin it holds.
Strategy disclosed that it acquired 535 Bitcoin during the previous week for a total purchase price of roughly $43 million.
Bitcoin Stocks, Led By Strategy (MSTR), Take A Beating As BTC Price Sells Off
Strategy’s Bitcoin Sale Reshapes Debate Around BTC Treasury Companies
Strategy (MSTR) Sells 32 Bitcoin, First BTC Sale Since 2022
Michael Saylor Sells 32 Bitcoin: What Is Going On? - Strategy (NASDAQ:MSTR)
Strategy's $2.5 million BTC sale and lessons from the first time MSTR sold in December 2022
Saylor's Strategy (MSTR) sold bitcoin (BTC). These crypto treasuries are still buying
Strategy Sells Bitcoin for First Time Since 2022, Dumps 32 BTC to Fund Preferred Stock Dividends
"Working Better": Saylor Teases BTC Buy After Strategy Sells For First Time Since 2022
Strategy's rare Bitcoin sale sparks broader market ramifications
Strategy's Failure — A Bitcoin Weakness Signal
