Strategy shares tumbled alongside Bitcoin on Friday as the firm's flagship preferred stock also came under pressure.

Shares in the leading Bitcoin treasury firm Strategy (MSTR) are now more than 70% off their 52-week high after the company sold BTC.

Strategy shares tumbled alongside Bitcoin on Friday as the firm's flagship preferred stock also came under pressure.

Strategy’s STRC hit a record low as Bitcoin fell below $60K, pressuring MSTR shares and its preferred stock structure.

Following its worst weekly performance since 2022, Strategy resumed Bitcoin purchases while padding a recently reduced cash stockpile.