Strategy Shares (MSTR) fell 4.18% to $99.50, breaking below $100 for the first time since March 2024 amid broader market pressure.
Strategy Shares (MSTR) traded below $100 for the first time since March 2024, hitting $99.50 intraday, a 4.18% decline. The drop reflects broader weakness in Bitcoin-linked equities as market sentiment shifts.
Prior to this, MSTR had not fallen below $100 since early March, despite volatility in cryptocurrency markets. The company holds 847,363 BTC, approximately 4% of the total Bitcoin supply, at an average cost of $75,651 per coin.
The move follows recent declines in Bitcoin prices, which have weighed on crypto-related stocks. MSTR’s performance is closely tied to BTC’s price movements due to its substantial holdings.