Strategy shares down 30% since Saylor’s Forbes cover
Strategy (MSTR) shares have dropped 30% since Michael Saylor, the company's executive chairman and former CEO, was featured on the cover of Forbes. From January 30 to March 10, the stock price decreased from $340.09 to $238.25, including a 17% fall on March 10, reflecting a broader tech market sell-off as the Nasdaq Composite fell over 4%. Investor fears regarding a recession, indicated by a projected negative GDP growth of -2.4% for Q1 2025, have heightened concern in the equities market, with CNN’s Fear & Greed index registering an extreme fear level of 16. Despite the declining stock price, Strategy remains committed to Bitcoin investments, planning to use capital for acquisitions. The company's average Bitcoin purchase price is $66,423, which remains profitable compared to current values. Strategy’s approach to acquiring Bitcoin by leveraging stock and debt has attracted both criticism and support, with some branding it a risky gamble. This strategy has inspired other companies to follow suit, buying Bitcoin for their treasuries, such as Metaplanet.
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