Strategy Just Fell Below $100 for the First Time Since Early 2024. Is MSTR a Buy, Sell, or Hold Right Now?
Billionaire Michael Saylor's Bitcoin experiment is hitting a rough patch.
Overview
If you own any Bitcoin, it hasn't been an easy ride over the past eight months. Since the top cryptocurrency reached a peak price of $126,198.07 in October last year, it has fallen 52% (as of June 24).
As the world's largest holder of Bitcoin, with 847,363 units on the balance sheet, it has been an even more troubling period for Strategy (NASDAQ: MSTR), formerly known as MicroStrategy. The enterprise software business, which morphed into a Bitcoin treasury company, has seen its share price skyrocket 723% in the past six years. But it's 80% off its record. And it now trades below $100 for the first time since early 2024.
Details
Is Strategy a buy, sell, or hold right now?
Source
Originally published at www.fool.com.