Strategy Shares Fall Below $100 for First Time Since 2024 as Bitcoin Drops to $61K

Strategy (MSTR) shares fell below $100 for the first time since March 2024 as Bitcoin dropped to a two-week low near $61,000. MSTR is down 38% in the past month amid broader crypto market weakness.

• MSTR shares hit $97.30, the lowest since March 2024, down 5.5% on the day and 38% over the past month.
• Bitcoin fell to a two-week low near $61,000, down more than 50% from its all-time high of $126,000.
• Strategy's STRC preferred shares also fell to $84.35 amid concerns about dividend payment obligations.
• The sell-off follows Strategy's first Bitcoin sale since 2022, which shattered its 'buy and never sell' reputation.
• Investors are fleeing crypto ETFs for AI stocks as the Fed maintains a hawkish stance.

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