Bloomberg: Strategy stock evaporates nearly half of its market value as cryptocurrency falls
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15 hours ago 2,039
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According to Bloomberg, Strategy (formerly MicroStrategy) shares fell sharply, shrinking nearly half from its peak because investors were worried about economic headwinds and withdrew cryptocurrency-related bets that had previously benefited from Donald Trump's election.
Strategy's shares fell 17% on Monday to $239.27. The stock has fallen 49.5% since hitting its all-time high of $473.83 last November.