Strategy prides itself on being the largest corporate holder of Bitcoins. That strategy, however, is now working against the stock. It has oftentimes been a more volatile holding than Bitcoin itself.
Shares of Strategy Inc (NASDAQ:MSTR) rose 1.9% to $410.52 Thursday morning following the announcement of a $2.1 billion at-the-market offering of its 10.00% Series A Perpetual Strife Preferred Stock.
Kyle Torpey has been writing about Bitcoin since 2013. His work has been featured in Fortune, Bitcoin Magazine, Wired UK, and many other media outlets. He has also attracted more than 50,000 followers ...
The stock has been falling at a faster rate than Bitcoin. Shares of Strategy have soared in recent years because the business intelligence company has put its financial resources heavily behind the ...