Strategy Shares Fall for Second Straight Day After $56 Billion Bitcoin Giant Sells $2.5M BTC

BTC-5.23%
MSTR-8.99%

Strategy (MSTR) shares fell more than 9% on Tuesday, one day after selling $2.5 million in Bitcoin for the first time since 2022. The stock closed at $136.08, down nearly 15% over the last five trading days and more than 23% on the month.

The 32 BTC sale, a fraction of MSTR's $56 billion Bitcoin portfolio, coincided with a sharp decline in Bitcoin itself, which fell 5.8% in 24 hours to trade near $67,288. Analysts at TD Cowen maintained a $400 price target for MSTR shares, nearly 200% above Tuesday's closing price.

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