Bloomberg: Strategy shares lose nearly half of their value as cryptocurrencies fall
On March 11th, according to Bloomberg, Strategy (formerly MicroStrategy) stock price fell sharply, shrinking nearly half from its peak, due to investors' concerns about the economic headwinds and withdrawing bets on cryptocurrency that had benefited from Donald Trump's election.
Strategy's stock price fell 17% on Monday to $239.27. The stock has fallen 49.5% since reaching a historic high closing price of $473.83 in November last year.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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