Strategy's stock price has fallen to its lowest point in nearly 4 months, possibly due to the Bitcoin price correction and adjustments in the company's stock issuance policy
ChainCatcher news, according to Cointelegraph, due to the pullback in Bitcoin prices and adjustments in the company's stock issuance policy, Strategy (MSTR) shares fell 7.43% yesterday, closing at $336.57, the lowest level since April 17.
Previously, Strategy CEO Michael Saylor announced an update to the stock issuance guidelines, stating that when MSTR shares are below 2.5 times their net asset value (mNAV), the company may conduct strategic stock issuances. This news has sparked controversy among shareholders, with some believing it contradicts the statements made in the second-quarter financial report, while others see it as a positive signal for increasing Bitcoin holdings.
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