Why Strategy Stock Was Sinking This Week
Across the past several trading sessions, a wise investment strategy would have been to avoid shares of Strategy Inc. (NASDAQ: MSTR). The institutional Bitcoin investor's stock was off by almost 13%, according to data compiled by S&P Global Market Intelligence, on weakness in its core asset. A disquieting media report about companies with such business profiles wasn't helping either.
Over the week, Bitcoin was generally on the way down, tumbling from a price of over $115,000 apiece Sunday night to barely over $109,000 four days later.
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Source Fool.com
