Strategy Inc.’s market value has plummeted to a point where it is now worth less than its Bitcoin holdings, raising questions about the company’s strategy and financial health. The company established a $1.44 billion cash reserve on December 1st, but this hasn’t been enough to offset the decline in its market capitalization. Analysts like YouTuber Adam Livingston have highlighted that Strategy’s current valuation is significantly lower than its Bitcoin holdings, even after this significant cash reserve was set up. This situation has sparked discussions about long-held concerns regarding the company’s reliance on Bitcoin as a core asset and its potential vulnerability to market downturns.