Cryptocurrency stocks experienced a red day on Friday, especially bitcoin treasury companies like Strategy (MSTR) and Semler Scientific (SMLR), each with a drop of approximately 6%, although bitcoin only retreated a little over 2%.
The Japanese publicly traded company Metaplanet dropped 24%.
The price action occurs amid an ongoing debate on social media about the sustainability of Michael Saylor's playbook (and those who imitate it) for absorbing bitcoin.
