Strategy ($MSTR) Hits 52-Week Low As Bitcoin Crashes To $83k

Strategy shares dropped as low as 10% today, currently trading at $142.88 and hitting a session low of $140.25 — the bottom of the stock’s 52-week range. 

The decline comes as Bitcoin, which heavily influences the company’s equity, fell over 6% over the past 24 hours to roughly $84,300, according to Bitcoin Magazine data.

Strategy has positioned itself as a bitcoin treasury firm while continuing its enterprise analytics software operations. 

Its stock frequently behaves as a leveraged proxy for Bitcoin, amplifying the token’s swings. Strategy pullbacks often outpace cryptocurrency price movements, making the stock a barometer for broader risk…

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