Strategy Shares Plunge as Bitcoin Retreats—More Pain Ahead?
It has been a forgettable second half of the year so far for enterprise analytics and mobility software firm Strategy (NASDAQ:). The company, formerly known as MicroStrategy, has lost more than 47% since its year-to-date (YTD) high on July 16.
That shows quite the reversal from 2024, when the stock hit its highest levels since before the dot-com crash sent it spiraling downward. But a lot has changed in 25 years, and this time around, Strategy’s plummeting share price has nothing to do with a bubble. In fact, the recent sell-off in AI and nuclear stocks has little to do with the company’s poor performance, nor does its financial performance last quarter.
When Strategy reported Q3 earnings on Oct. 26, it beat on both the top and…
