Strategy Stock Hits Four-Month Low As Bitcoin Slump Puts Michael Saylor’s BTC Buying Spree Under Pressure
Strategy shares tumbled about 15% in the past week to hit a four-month low as Bitcoin’s sharp decline piles pressure on CEO Michael Saylor’s ability to sustain the company’s relentless buying spree. MSTR stock is now at its lowest price since April, intensifying concerns about Saylor’s ability to fund additional purchases without diluting shareholders or taking on costly debt. This comes after Bitcoin tumbled more than 6% in the past week to trade at $113,495 as of 10 a.m. EST. Strategy currently owns more than 629k Bitcoins that are worth about $71 billion at current prices, according to Bitcoin Treasuries. It is the biggest corporate holder of Bitcoin in the world. How Will Strategy Fund More Bitcoin? Some analysts and investors are worried about the outlook. When share prices are falling, it’s harder for Strategy to sell new shares or raise cheap debt for Bitcoin purchases without hurting current shareholders. 🚨MicroStrategy is the biggest...