Strategy (MSTR) Stock Falls Below $100 for First Time Since March 2024
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MicroStrategy (MSTR) shares fell below $100 for the first time since March 2024 after Bitcoin slid to roughly $61,000, leaving the company with more than $11 billion in unrealized losses on its BTC holdings. The drop highlights the strong correlation between corporate Bitcoin treasuries and BTC price, increasing the risk that balance-sheet pressure could force liquidity moves. That dynamic could amplify negative sentiment and add downward pressure on Bitcoin if MicroStrategy or similar holders seek to raise capital or sell.
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