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MSTR Stock On Track To Hit Year-Low After Strategy Moves More Than 47,000 BTC – But Saylor Says ‘HODL’
MSTR stock was on track to hit a one-year low in pre-market trade on Friday. ・Traders are concerned that the company may be selling Bitcoin for the first time in two years after moving more than 47,000 BTC.
Strategy (Nasdaq: MSTR), formerly MicroStrategy, has seen its fortune decline of late as the leading Bitcoin (BTC) treasury's stock has dropped by a drastic 60% from its peak. The MSTR stock is exchanging hands at $224.20 at the time of writing, nearly 60% lower than its all-time high (ATH) of $543.