Shares of Strategy Inc. NASDAQ: MSTR, formerly known as MicroStrategy, have fallen by 43% year-to-date (YTD), with a substantial portion of this decline taking place in the last month.
US stocks turned sharply higher at midday Tuesday, with the Dow climbing 170 points and the tech-heavy Nasdaq outpacing peers as Bitcoin surged 8% back above $91,000 and semiconductor stocks like Credo Technology soared on earnings beats.
Leveraged exchange‑traded funds (ETFs) linked to bitcoin hoarder Strategy are among the biggest casualties of this year's crypto slump, as falling bitcoin price battered shares of the largest corporate holder of the token.
While Bitcoin's December descent triggered an 80% collapse in Strategy Inc.'s (previously known as Microstrategy) leveraged ETFs, erasing $1.5 billion in retail savings from MSTX and MSTU. Yet MSTR stock surged 6.05% on Tuesday, highlighting a stark divergence fueled by the unforgiving math of leverage and compounding decay.
TYSONS CORNER, Va.--(BUSINESS WIRE)--Strategy (Nasdaq: MSTR), one of the world's largest independent publicly traded enterprise analytics companies (formerly MicroStrategy), announced it has joined the Open Semantic Interchange (OSI). This move accelerates Strategy's open ecosystem strategy, centering on its AI-powered Universal Semantic Layer, Strategy Mosaic. Strategy brings over 30 years of ...
Crypto treasury and software stock Strategy Inc (NASDAQ:MSTR) was last seen trading down 10.8% at $158.95, plummeting alongside crypto leader Bitcoin (BTC) , as it slides further below $87,000.
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