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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/03/2026

Strategy Shares Plunge Over 70% After Major Bitcoin Sale

What happened: Shares in the leading Bitcoin treasury firm Strategy (MSTR) have dropped more than 70% from their 52-week high following the company's sale of Bitcoin.

Strategy Shares Plunge Over 70% After Major Bitcoin Sale

What happened: Shares in the leading Bitcoin treasury firm Strategy (MSTR) have dropped more than 70% from their 52-week high following the company's sale of Bitcoin. The decline marks the second consecutive day of losses for Strategy, which manages a $56 billion Bitcoin portfolio.

Why it matters: The sharp selloff underscores the volatility and sensitivity of Bitcoin-exposed equities to treasury management decisions. Strategy's move to reduce its BTC holdings has triggered a significant market reaction, raising questions about the sustainability of large corporate Bitcoin treasuries during periods of price weakness.

Source: Decrypt