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Strategy Stock Falls Below $100 for First Time in Two Years as Analysts Pick Apart Its Bitcoin Bet - "The Defiant"
Shares of Strategy, the largest corporate holder of Bitcoin, fell below $100 on Wednesday for the first time since March 2024, leaving the company trading at a discount to the Bitcoin on its balance sheet and turning investor attention to which layer of its capital structure is still worth owning.
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benzinga.com
MSTR Faces Its 'First Real Test', Should Not Be Seen As Cheap Bitcoin, Research Report Argues - Strategy
The Block warns Strategy isn't Bitcoin at a discount, sitting $9.4B underwater with just 10 months of cash reserves left.
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decrypt.co
Strategy Shares Crash Below $100 as Bitcoin Sinks Towards $60K - Decrypt
Bitcoin fell to a two-week low price Wednesday as Strategy shares dove below the $100 mark for the first time since March 2024.
