Strategy’s Bitcoin Investment Under Pressure Amidst Market Downturn

Nasdaq-listed company Strategy, led by Bitcoin advocate Michael Saylor, saw its stock MSTR plummet over 5% in response to a drop in Bitcoin (BTC) price below $90,000. The company’s substantial Bitcoin holdings have been affected by the recent market downturn, leading to a decrease in its stock premium compared to its Bitcoin portfolio. Strategy’s stock now holds closer to its actual Bitcoin value than ever before. 💰