Strategy’s (formerly MicroStrategy) stock (MSTR) has taken a significant hit. The stock fell by double digits following a sharp decline in Bitcoin’s (BTC) price.
As speculation swirls over whether the company could be forced to liquidate its Bitcoin holdings, The Kobeissi Letter weighed in, suggesting that while such a move remains highly unlikely, it’s not entirely off the table.
MSTR Dips Amid Bitcoin Downturn
Over the past 24 hours, Bitcoin’s price dropped more than 3%, triggering a ripple effect that sent MSTR down by 11%. According to Yahoo Finance, the stock closed at $250. This marked a 55% decline from its all-time high (ATH) in November 2024.
