Strategy Shares Drop 9% After $2.5M Bitcoin Sale
MSTR•Strategy sold 32 BTC, representing about $2.5 million of its over $56 billion portfolio, and its shares fell 9% on Tuesday. The stock has lost nearly 15% over five days and 23% this month, trading more than 70% below its 52-week high.
1. Bitcoin Sale Spurs Share Decline
Strategy sold 32 BTC, worth approximately $2.5 million, from its over $56 billion Bitcoin holdings, triggering a 9% drop in its share price on Tuesday as investors responded to the asset sale.
2. Performance Trends and Analyst Outlook
Shares have fallen nearly 15% over the past five trading days and 23% this month, leaving the stock over 70% below its 52-week high. Bitcoin has slid about 5.8% in 24 hours to $67,288, while TD Cowen maintains a $400 price target, implying nearly 200% upside.
