Strategy's Bitcoin Plunge: A Surprising Turn
Update: 2025-12-02
Description
Strategys Stock Plummets: Bitcoins Impact and Critics WarningShares of Strategy, a major bitcoin holder, dropped by 12.5% on Monday, marking a 15-month low. This decline followed a sudden bitcoin price drop and news of capital raising. The stock hit a low of $155.61, losing nearly 40% in a month and 66% since July. Many short sellers likely closed positions, securing profits. Strategy, facing a falling bitcoin price and reduced market value, may have raised funds to avoid selling off its 650,000 bitcoin holdings. Financial commentator Peter Schiff, a bitcoin critic, called the situation the beginning of the end for Strategy, labeling its business model a fraud. However, Schiffs past predictions during bitcoins difficulties have often been proven wrong, offering hope for Strategy and bitcoin investors.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
