Strategy Shares Fall Below $100 for First Time Since Early 2024

The Motley Fool··Read original
3▲0 ▼2Impact / 5
Summary · why it matters

Strategy, formerly MicroStrategy, has seen its stock price drop below $100 for the first time since early 2024, now trading around $94 and down 80% from its record high. The company holds 847,363 Bitcoin worth $51.6 billion, but its diluted market cap has fallen to $29.4 billion, near an all-time low relative to its Bitcoin holdings. Its STRC perpetual preferred equity, which raised $10.5 billion, has also sold off to $74.57, well below its $100 par value, signaling weakening sentiment. Strategy has not missed any dividend payments on its preferred equities, with the next semimonthly payout due July 15. The Motley Fool suggests long-term investors may find the stock compelling at current levels but cautions about high volatility and appropriate position sizing.

Impact on assets 3

Digital Finance & Tokenization▼ · 1 stocks
MicroStrategy Incorporated
MSTR
▼ NegativeCapitalrelevance

Stock price fell below $100, down 80% from record high, and market cap near all-time low relative to Bitcoin holdings.

Artificial Intelligence▲ · 1 stocks
Others▼ · 1 stocks
Bitcoin
BTC-USD
▼ NegativeCapitalrelevance

Strategy's Bitcoin holdings value ($51.6B) exceeds its market cap ($29.4B), implying negative sentiment on Bitcoin's price or the company's structure.