Strategy Inc (NASDAQ:MSTR) shares traded lower as investors weighed fresh equity issuance and a pullback in Bitcoin’s price on Friday.
The decline followed Strategy’s latest capital-raise update tied to its Bitcoin treasury strategy.
The pullback comes as crypto bulls highlight MSTR’s 78% correlation with Bitcoin among large-cap crypto stocks. The move suggests investors may be taking some profits following the recent crypto-linked rebound.
Strategy Raises $2 Billion As Bitcoin Position Returns To Profit
Strategy raised $2 billion through stock sales last week as Bitcoin’s 24% surge pushed its 840,447 BTC position back into profit.
