Strategy Stock ($MSTR) Reaches 52-Week Low as Bitcoin Dips Below $84,000
The shares of Strategy experienced a significant decline today, plummeting by as much as 10%. Currently, they are trading at $142.88 after hitting a session low of $140.25 — marking the lowest point in the stock’s 52-week history.
This drop coincides with Bitcoin’s recent downturn; the cryptocurrency fell over 6% in just 24 hours to approximately $84,300, based on data from Bitcoin Magazine.
Positioned primarily as a bitcoin treasury firm while still operating its enterprise analytics software business, Strategy’s stock often acts like a leveraged proxy for Bitcoin. This means that it tends to exaggerate the fluctuations of the cryptocurrency. Consequently, declines in Strategy’s stock frequently exceed those seen in crypto prices and serve as an indicator of overall market risk appetite.
The sell-off observed on Thursday was further intensified by weakness across broader financial markets. Major technology companies faced losses ahead of their earnings announcements; Microsoft saw its shares drop more than 11%, while Apple is set to release its earnings report after market close.
In contrast, Meta’s shares surged by 11% following robust earnings results.
Strategy ($MSTR) Expands Its Bitcoin Holdings
This week, Strategy revealed another substantial acquisition of bitcoin. The company acquired 2,932 $BTC for $264 million—raising its total bitcoin holdings to an impressive 712,647 $BTC. These purchases were made at an average price of $90,061 per coin.
As reported on Monday, the company’s total expenditure for these holdings is around $54.2 billion when accounting for fees and expenses—resulting in an average purchase price of about $76,037 per bitcoin. The latest acquisitions were financed through proceeds generated from Strategy’s at-the-market (ATM) offering program.
A recent filing indicated that during a five-day period leading up to this announcement; the firm sold approximately 1,569770 shares of its Class A common stock (MSTR), yielding about $257 million in net proceeds. Additionally it sold around 70،201 shares from its perpetual preferred stock (STRC), generating another roughly $7 million—bringing total ATM proceeds close to approximately$264 million.
As noted on January25th ,the company has considerable capacity left within its ATM programs with around$8 .17 billion available for future issuance under common stock offerings .
Furthermore ,the company maintains several preferred stock programs including STRK , STRF , STRC and STRD which together represent potential capital raises amounting into tens billions dollars .
With over712000 BTC now held on balance sheet ,strategy controls nearly3 .4 %of bitcoins fixed21million supply .
At present time,Bitcoin is priced at$83 ,559with24-hour trading volume reaching61B. BTC is down7 %over last24hours.
Currently,it stands7 %lower thanits weekly all-time highof89,$639and0%awayfromitsweekly all-time lowof83,$877.
This article titled “Strategy Stock ($MSTR) Reaches52-WeekLowasBitcoinDipsBelow$84k”was first publishedonBitcoinMagazinebyMicahZimmerman.