Strategy Stock Has Outperformed Bitcoin Since January 2024. Should Investors Be Worried About Its Recent 20% Pullback?
Investors could be losing confidence in the Bitcoin treasury company narrative.
Since January 2024, it’s hard to find a better-performing stock than Strategy (MSTR -1.35%). It’s up a mind-blowing 450%. Using a strategy to accumulate as much Bitcoin (BTC -2.65%) as it can, it has far surpassed the performance of Bitcoin, which has risen only 167%.
During the summer, Strategy (the company formerly known as MicroStrategy) soared to 450. But since mid-July, storm clouds have appeared. Strategy now trades around $350. Should investors be worried?
The Bitcoin treasury company narrative is getting stale
One reason for concern is the change in sentiment in the crypto market. Bitcoin treasury companies like…
