On October 13, Strategy fell 3.05% overnight, trading at $147.82 per share, with turnover of $2.5851 million.
The decline came as Bitcoin pulled back from around $87,000 to near $83,000 amid elevated oil prices and rising U.S. Treasury yields triggered by Middle East tensions, dampening risk appetite for crypto assets. Additionally, MSCI's proposal to classify digital asset treasury companies as non-operating enterprises has raised concerns over potential index removal and related passive fund outflows, further pressuring Strategy's valuation.
Although the company disclosed a purchase of 250 bitcoins for $21.5 million last week, bringing total holdings to 848,250 BTC, the scale of its STRC preferred share repurchases far exceeded its Bitcoin buying, keeping market sentiment cautious about the pace of its Bitcoin expansion.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)