Meanwhile, Bitcoin plunged. The leading digital asset by market cap fell to $58,188 before ticking back up to $59,273 as of this writing, a 3.3% decrease over the past day, according to CoinGecko. The drop exacerbated losses, following the cryptocurrency’s fall to a 21-month low on Wednesday.
Strategy’s stock price has been hammered in recent weeks as STRC’s swoon has tested faith in Executive Chairman and co-founder Michael Saylor’s vision for “digital credit.” The company’s common MSTR shares tumbled 7% to $87.50 before firming to $87.89 apiece.
Editor's note: This story is breaking and will be updated with additional details.
