The financial markets are often seen as unpredictable and complex, subject to the whims of both tangible and intangible forces. Today’s spotlight is on Strategy Corp, a company that despite reporting ...
Shares of Strategy, formerly known as MicroStrategy, hit a 14-month low on Monday before paring some losses, as the largest corporate holder of bitcoin may have breached buyers’ trust by painting a ...
Strategy prides itself on being the largest corporate holder of Bitcoins. That strategy, however, is now working against the stock. It has oftentimes been a more volatile holding than Bitcoin itself.
If bitcoin keeps falling, Strategy says it may start selling, which would further hurt bitcoin and Strategy's stock. But Wall Street doesn't believe that's a problem for the overall stock market.
The stock has been falling at a faster rate than Bitcoin. Shares of Strategy have soared in recent years because the business intelligence company has put its financial resources heavily behind the ...