Strategy Stock Falls to Lowest Level Since April on Bitcoin Drop, Eroding Premium

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Strategy Stock Falls to Lowest Level Since April on Bitcoin Drop, Eroding Premium
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Strategy stock fell 7% Thursday and hit its lowest level since April due to a decline in Bitcoin and a continued erosion of the premium the stock commands relative to the value of the company’s Bitcoin holdings. Strategy shares were down $22.61 to $300.70 as Bitcoin declined about 4% to $109,200 Thursday. Strategy tends to underperform Bitcoin during selloffs of the cryptocurrency since it offers a leveraged play on Bitcoin.

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