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In Friday’s pre-market trading, Strategy (NASDAQ:MSTR) saw a 3.18% dip in its stock, following a 7% decrease in Bitcoin‘s (CRYPTO: BTC) value over the past day, according to Benzinga Pro.
What Happened: The shares of Strategy, which recently added nearly $2 billion worth of Bitcoin to its portfolio, fell during today’s pre-market session after Bitcoin declined 7% over the past 24 hours and nearly 20% over the past seven days. The cryptocurrency slipped below $80,000, marking nearly a 25% fall from its all-time high.
Despite the company’s aggressive Bitcoin accumulation strategy significantly boosting its stock market capitalization, critics question the long-term viability of this …
