Strategy · Bitcoin · Michael Saylor · Decrypt
Strategy Shares Fall to 4-Month Low as STRC Dips and Bitcoin Sinks Under $60K
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Strategy felt the bite of crypto winter particularly hard on Friday as the Bitcoin -buying firm’s shares slid to a four-month low and Bitcoin fell below the $60,000 mark.
Key facts
- The Tysons Corner, Virginia-based firm’s stock price dropped as low as $114, hitting its lowest level since early February, according to Yahoo Finance, though it rebounded to $120 to finish
- Other analysts have described Strategy’s liquidation, totaling 32 Bitcoin for $2.5 million, as negligible given that the company’s stockpile is worth $50.4 billion
- Meanwhile, Bitcoin plunged as low as $59,227, CoinGecko data showed—the lowest price seen since 2024—but has risen back to $60,311, down about 5% in the last 24 hours
- STRC has fallen as low as $90.38 since the company established it as an alternative way to raise proceeds to buy Bitcoin last July
Summary
Strategy’s stock tumbled to a four-month low on Friday, and its flagship preferred stock slipped again. Benchmark-StoneX analyst Mark Palmer said STRC’s swoon “isn’t a real concern,” noting that the firm can hike its dividend to stoke demand. After Strategy disclosed that it sold 32 Bitcoin for $2.5 million this week, the company’s stockpile now sits $13.7 billion underwater. The Tysons Corner, Virginia-based firm’s stock price dropped as low as $114, hitting its lowest level since early February, according to Yahoo Finance, though it rebounded to $120 to finish the trading day—still down nearly 7%.