The stock price of Strategy (NASDAQ: MSTR), formerly known as MicroStrategy, has experienced a decline due to the drop in Bitcoin's price. Despite the company's significant purchase of Bitcoin near its all-time high, it has been dollar-cost-averaging into its BTC treasury and has not yet incurred unrealized losses. The decline in Bitcoin can be attributed to various factors, including macroeconomic news and the lack of progress in establishing a strategic Bitcoin reserve. This decline in Bitcoin has also affected MSTR's stock.



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