Strategy · Bitcoin · Michael Saylor · Bitcoin Magazine
Strategy (MSTR) Stock Falls Below $100 for First Time Since March 2024
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Strategy (MSTR) shares fell below $100 for the first time since March 2024 as Bitcoin's drop to around $61,000 left the company sitting on more than $11 billion in unrealized losses.
Key facts
- The company added 1,587 BTC for $100 million earlier in June and 520 BTC for $35 million on June 22
- Strategy (MSTR) shares fell below $100 for the first time since March 2024 as Bitcoin's drop to around $61,000 left the company sitting on more than $11 billion in unrealized losses
- That thesis is now under pressure as Bitcoin trades near $61,000, well below the company’s average acquisition cost of roughly $75,656 per coin
- The instrument fell to a record low of $83 in mid-June, far below its $100 par value
Summary
Shares of Strategy Inc. (NASDAQ: MSTR) crossed below $100 on Wednesday for the first time since March 2024, extending a collapse that has erased more than 80% of the stock’s value from its all-time high of approximately $474 reached in November 2024. The breach of the $100 threshold carries weight beyond the number itself. That thesis is now under pressure as Bitcoin trades near $61,000, well below the company’s average acquisition cost of roughly $75,656 per coin. Strategy holds 847,363 BTC across its treasury, a position valued at approximately $53 billion at current prices.