The stock price of Strategy (MSTR), which is already at an all-time high, has fallen by about 76 per cent, and the market revisits the question of whether the listed company, with Bitcoin as its core asset, can keep up with the previous upward logic. Investors are also observing whether the fall will again touch the stage low in comparison to the 2022 trend.
The memory of 2022 is still there.
At that time, bitcoin fell by $16,000 and MSTR stock prices were weak up to the year low. Subsequently, Strategy continued to expand the Bitcoin hold and there was a clear rebound in stock prices, which explains the continued willingness of some investors to compare past cycles.
The market is focused on two variables.
At present, two main concerns are being raised: the stability of Bitcoin prices and the ability of Strategy to withstand fluctuations in balance sheets. For this company, stock price performance is highly correlated with the movement of bitcoin and changes in market sentiment are rapidly magnified.
What do you think?
Whether this round retreat means the bottom of the new phase, or is it only a downside of the larger fluctuations, will still depend on the subsequent performance of Bitcoin and changes in the company holding structure.