$BTC At $239.27 at the time of writing, shares of Strategy, formerly MicroStrategy, a business intelligence firm trading on Nasdaq, are down nearly 22% from Friday’s highs and over 50% from their 2024 peaks.

By November 2024, Strategy shares were trading at nearly $550, spiking to all-time highs as Bitcoin and crypto prices defied gravity. During that time, Bitcoin, the world’s most valuable coin, broke above $100,000 for the first time, drawing capital in a wave of FOMO.