Since the appearance of Michael Saylor, former CEO of Strategy, on the Forbes cover, the company's shares have declined by 30%. Nevertheless, the firm continues to adhere to its Bitcoin investment strategy.
Sharp Decline in Strategy Shares
According to Yahoo Finance data, Strategy's shares fell from $340.09 to $238.25 between January 30 and March 10. The largest decline occurred on March 10, when the shares fell by 17% amid wider tech stock sell-offs.
Market Reaction to Macro Factors
The Nasdaq Composite, which includes Strategy, also dropped over 4% on March 10. Investors are uneasy with renewed recession fears, as the Atlanta Fed projects a negative -2.4% GDP growth for the first quarter of 2025. CNN’s Fear & Greed index read 16, indicating 'Extreme Fear.'
Strategy and Response to the Situation
Despite the share price fall, Strategy is unwavering in its Bitcoin-based strategy. The company announced plans to raise an additional $21 billion for general corporate purposes, including the acquisition of Bitcoin. At the same time, Strategy's Bitcoin investment remains profitable by 18.9%, despite recent market volatility.
Despite stock declines and market concerns, Strategy steadfastly follows its path of acquiring Bitcoin, drawing attention from both supporters and critics.
