Finance News
By Sakamoto Nashi
1 / 15
Strategy shares crashed hard Thursday. The stock dropped up to 10% during trading, hitting a session low of $140.25 before recovering slightly to close at $142.
2 / 15
Bitcoin's brutal selloff triggered the decline, with the cryptocurrency plunging over 6% in just 24 hours to around $84,300, per Bitcoin Magazine data.
3 / 15
The broader tech sector didn't help either.
4 / 15
Microsoft got crushed, falling more than 11% while Apple investors held their breath ahead of earnings. Meta bucked the trend though, surging 11% on solid quarterly results.
5 / 15
Earlier this week, Strategy made another huge bitcoin bet. The company bought 2,932 BTC for $264 million, paying an average price of $90,061 per coin.
6 / 15
Strategy's total bitcoin buying spree now costs around $54.2 billion, averaging $76,037 per bitcoin across all purchases.
7 / 15
The company raised the $264 million by selling stock over five days. They dumped 1,569,770 shares of Class A common stock MSTR for $257 million, plus another 70,201 shares of…
8 / 15
As of January 25, Strategy still had about $8.17 billion left under its common stock ATM program for future share sales.
9 / 15
Bitcoin currently trades at $83,559 with $61 billion in 24-hour volume. The price sits 7% below its seven-day peak of $89,639 and matches its recent low of $83,877.
10 / 15
Michael Saylor, Strategy's executive chairman, keeps pushing bitcoin hard despite the volatility.
11 / 15
On January 28, Strategy filed regulatory documents showing the latest bitcoin purchase was part of a bigger plan to grow their digital asset portfolio.
12 / 15
Some analysts worry about Strategy's heavy bitcoin exposure. The company's stock moves with crypto prices, which can be pretty wild.
13 / 15
Strategy CFO Andrew Kang talked to investors on January 27, saying the company has solid cash reserves despite recent market chaos.
14 / 15
Strategy's bitcoin holdings are worth approximately $59.6 billion at current prices, though that number changes by the minute.
15 / 15
Recent SEC filings from January 29 confirmed Strategy meets all financial disclosure requirements.
The Currency Analytics
Want the full story?