Strategy (MSTR) Stock Slips As Latest Bitcoin Purchase Enters Loss
The post Strategy (MSTR) Stock Slips As Latest Bitcoin Purchase Enters Loss appeared on BitcoinEthereumNews.com.
The global market is experiencing turmoil as a new wave of geopolitical tension in the Middle East has trickled down to MSTR crypto stock, among others. Market sentiment is currently negatively skewed, with investors exhibiting a risk-off approach. With the tension between Iran and Israel, core Asian indexes like the Kospi 200 Index have nosedived in early trades. Strategy and Crypto Stock Outlook As of writing, Strategy has lost as much as 1.9% with an additional 1.18% slump in Pre-market to $375.29. This is a classic case of a knee-jerk reaction in the market, one that has extended since earlier this week with the crypto stock selloff. Image Source: Yahoo! Finance Strategy has a very strong correlation with the crypto market. The turbulence from the Middle East has triggered Fear, Uncertainty, and Doubt (FUD) in the market. Bitcoin price fell from its daily high of $108,439.78 to a low of $102,822.03. As one of the corporate firms with a deep exposure to BTC, Strategy has had to suffer an intense selloff. Over the past 5 days, the MSTR stock has pared off most of its gains. For a stock that has a lot of leverage ETFs tied to it, it has now lost more than 9% in the past 90 days. Beyond the Strategy stock, the impact of the latest market downturn is reflected in its latest Bitcoin purchase announced this week. According to the update, Strategy said it acquired 1,045 BTC for approximately $110.2 million at roughly $105,426 per Bitcoin. At Bitcoin’s lowest price of $102,822, the firm has lost almost $2.7 million from the latest purchase. Other Crypto Stock Performance The Strategy stock outlook mirrors the broader struggles facing major crypto stocks in 2025. Coinbase (COIN), currently trading at $241.05, has seen flat to slightly negative year-to-date performance.…
Filed under: News - @ June 13, 2025 6:23 pm