Strategy shares hit lowest level since March 2024
Shares of Strategy (MSTR) fell 5% in early Wednesday trading, slipping below $100 for the first time since March 2024. The stock traded at around $98, extending losses to 34% year-to-date and roughly 74% over the past 12 months.
Source: Yahoo Finance
What broke the floor
The decline comes as Bitcoin remains under pressure, with the crypto falling below $61,000 this morning and trading roughly 52% below its all-time high.
At the same time, Strategy’s STRC perpetual preferred shares dropped below their $100 par value, increasing dividend costs and effectively halting a key funding mechanism for additional Bitcoin purchases.
Strategy’s Bitcoin treasury totals 847,363 BTC, currently valued at about $52 billion. Continued weakness in Bitcoin has left the company with more than $12 billion in unrealized losses on its holdings.
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.
You may also like
From "higher for longer" to "the new normal for longer": Oil price shocks combined with the AI bond issuance boom, the financial market ushers in the 5% U.S. Treasury yield as the "new normal"
The borrowing costs of governments around the world continue to rise, with investors demanding higher returns to attract them to hold long-term bonds. The increase in US Treasury yields even prompted Treasury Secretary Scott Besant to announce an expansion of long-term Treasury buybacks—but this intervention failed to prevent the 10-year US Treasury yield from surpassing 5%, reaching its highest level in nearly 20 years.
Oil prices and interest rates are rising, but US stocks still trust TACO
Oil prices have surpassed $100, the Federal Reserve is raising interest rates, and tensions in the Strait of Hormuz persist—Wall Street's bet on the "Trump will always back down" TACO trade is facing its most dangerous moment. The unexpected resilience of US stocks has actually reduced Trump's motivation for reconciliation; the real pressure valve lies in bond yields approaching the 4.946% warning line. Behind-the-scenes negotiations are reportedly ongoing, but this time, can the market's patience last until Trump changes course?
Claude leads 26% of R&D, Anthropic raises heated discussion on "AI developing AI" with its "AI slowdown theory"! The RSI training paradigm is catalyzing a major expansion in computing power demand.
Anthropic PBC's Claude chatbot has driven more than a quarter of the company's AI research and development work. The company found that Claude "led" 26% of Anthropic's R&D efforts and collaborated with employees to complete about 90% of the work. Anthropic plans to introduce third-party evaluators within the company and grant them access to internal processes, systems, and data to help track the progress of AI development.
Crypto prices
More
