Strategy (MSTR) Stock Drops Below $100: Is the Corporate Bitcoin Machine Under Threat?
Shares of the world's largest corporate Bitcoin treasury company, Strategy Inc. (NASDAQ: MSTR, formerly MicroStrategy), experienced a punishing sell-off during standard trading on June 24, plunging 9.26% to close at $94.22. The drop undercuts the psychologically critical $100 threshold on a split-adjusted basis for the first time since early 2024, trading heavily toward its fresh 52-week low of $92.28.