Strategy (MSTR) Shares Drop 5% as Bitcoin Falls Below $84K
- —MSTR fell 5% to $156.35, with market value around $62.5 billion
- —Strategy bought 334 BTC for $28.7 million, now holds about 848,000 BTC
- —Bitcoin liquidations hit $166 million in 24 hours, $156.69 million of them longs
- —Strategy's average BTC purchase price is $75,436.70, total spend $63.97 billion
Why it matters: The MSTR slide adds pressure on crypto stocks and shows how a Bitcoin correction hits treasury-heavy companies.
Source: The Crypto Times