Shares of Strategy experienced a significant drop today, falling more than 8% amid a tumultuous trading session characterized by Bitcoin’s decline to new one-year lows and renewed pressure on crypto risk assets. This downturn has pushed Strategy’s stock price to levels not seen since late 2024, marking it as one of the worst performers on the Nasdaq throughout the year.
The price of Bitcoin dipped below crucial technical levels over the weekend and continued its descent, which has had a cascading effect on markets, particularly impacting equities connected to the cryptocurrency. Major platforms like Robinhood and Circle also saw stock declines, indicating a growing correlation between Bitcoin prices and associated stocks.
Strategy currently holds over 713,000 Bitcoins on its balance sheet, which were acquired at an average cost near $76,000 per coin. The recent plunge in Bitcoin’s value has resulted in substantial unrealized losses for the company. Despite the downturn, Chairman Michael Saylor reiterated that Strategy will not sell its Bitcoin assets, instead opting to double down on purchases even amidst market dips. He has expressed a commitment to holding and accumulating Bitcoin, indicating confidence in the long-term outlook rather than capitulating to short-term price movements.
Earlier this week, Strategy disclosed an acquisition of 855 Bitcoins for approximately $75.3 million, at an average price of $87,974 per coin. This purchase was made just before Bitcoin experienced a sharp sell-off, which pushed its price below $75,000, leading to nearly $1 billion in unrealized losses for Strategy. As of now, Bitcoin is trading around $74,000.
The company’s total Bitcoin holdings currently stand at 713,502 BTC, which were acquired for roughly $54.26 billion, translating to an average cost of $76,052 per coin. The recent Bitcoin acquisition was financed through the sale of common stock, aligning with Strategy’s ongoing strategy to raise capital for further Bitcoin investments. Notably, last week’s purchase was smaller compared to previous acquisitions.
As the day progressed, Bitcoin’s price declined to below $74,000, marking its lowest level in a year and representing a retracement of more than 40% from its all-time highs recorded in late 2025. At the start of trading, Strategy’s shares were priced at $139.66 but are currently trading at approximately $128.87, a stark contrast to their 52-week high around $450 per share. The continuing volatility in the cryptocurrency market raises questions about the future performance of both Bitcoin and the stocks of companies involved in the crypto space.
