MSTR stock price eyes a crash to $100 as dilution continues
The MSTR stock price continued its recent decline as Bitcoin retreated after the company announced its latest purchase.
Summary
- The MSTR stock price has been in a strong freefall this year.
- Strategy bought 1,229 Bitcoins using cash it raised by selling shares.
- Its mNAV multiples have slumped to a record low.
Dilution continues as Strategy buys 1,229 Bitcoins
Michael Saylor’s Strategy tumbled to a low of $156, down sharply from the year-to-date high of $457. It has moved to its lowest level since September last year and ~65% below its highest point this year.
Strategy is facing headwinds, with the falling Bitcoin (BTC) price being the most significant….
