Strategy Stock Hits 4-Month Low of $114 as Bitcoin Sinks Below $60K on Friday

BTC-1.59%

According to Yahoo Finance and CoinGecko data, Strategy's stock fell to a four-month low of $114 on Friday as Bitcoin plunged below $60,000 to $59,227 in the last 24 hours, down roughly 5% from the previous day.

Strategy disclosed this week that it sold 32 Bitcoin for $2.5 million, marking the company's first Bitcoin liquidation since 2022. The sale left the company's Bitcoin holdings $13.7 billion underwater, according to the report.

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