Strategy Stock Price Loses A Quarter Of Its Value In Five Days As Bitcoin Dives Below $90K
Shares of Bitcoin investor Strategy plummeted 11% in the last 24 hours and almost 26% in the past five days, hammered by Bitcoin’s nosedive below $90,000 and a broader crypto market rout. After a 3% drop in the past 24 hours, Bitcoin trades at $88,464.63 as of 1:02 a.m. EST. The king of cryptos has slumped 7% in the past week. Strategy Stock Price Tumbles Amid Broader Crypto Market Correction Some investors saw MSTR’s pullback as an opportunity to buy the dip, leading to the firm’s share price climbing over 1% in after-hours trading. Despite the correction, some analysts are still bullish on MSTR. Among them are analysts at stock researcher Benchmark, who raised their price target for MSTR to $650 on Feb. 6. It closed yesterday at $250.51 Some Question The Sustainability Of Strategy’s Bitcoin Accumulation The sudden drop in MSTR’s price over the past 24 hours has led some analysts to question the sustainability of Strategy’s Bitcoin buyi...