"Strategy shares dropped as low as 10% today, currently trading at $142.88 and hitting a session low of $140.25 - the bottom of the stock's 52-week range. The decline comes as Bitcoin, which heavily influences the company's equity, fell over 6% over the past 24 hours to roughly $84,300, according to Bitcoin Magazine data. Strategy has positioned itself as a bitcoin treasury firm while continuing its enterprise analytics software operations. Its stock frequently behaves as a leveraged proxy for Bitcoin, amplifying the token's swings. Strategy pullbacks often outpace cryptocurrency price movements, making the stock a barometer for broader risk appetite."
"Earlier this week, Strategy announced another major bitcoin acquisition. The company purchased 2,932 BTC for $264 million, bringing its total holdings to 712,647 BTC. The purchases were executed at an average price of $90,061 per coin, lifting the company's total bitcoin holdings to 712,647 BTC. As of Monday, the company's aggregate purchase price for its holdings stands at approximately $54.2 billion, including fees and expenses, translating to an average acquisition price of $76,037 per bitcoin. The latest purchases were funded through proceeds generated under Strategy's at-the-market (ATM) offering program."
Strategy's shares plunged as much as 10%, trading near $142.88 with a session low of $140.25 at the bottom of its 52-week range. Bitcoin fell over 6% to roughly $84,300, a move that heavily influences Strategy's equity and often causes amplified stock swings. Broader market weakness compounded the sell-off, with major tech names sliding ahead of earnings. Strategy purchased 2,932 BTC for $264 million, bringing total holdings to 712,647 BTC with an aggregate purchase cost near $54.2 billion and an average acquisition price around $76,037 per bitcoin. The purchases were funded via the ATM offering program, which generated roughly $264 million in proceeds.
Read at Bitcoin Magazine
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