Strategy Just Announced a Major Revamp to Its Bitcoin Strategy. Here's What Investors Should Know
Yahoo Finance ·
Bitcoin , the world’s largest cryptocurrency, has been walloped this year as the crypto winter has dragged on. Few investors have felt that more than the Bitcoin-treasury company Strategy ( MSTR 6.20% ) , which is essentially a levered play on Bitcoin. Just as leverage lifts gains on the way up, it also exacerbates losses on the way down. Strategy’s stock is down close to 45% this year. With Bitcoin trading below $59,000 per token, as of this writing, Strategy just announced a major revamp to its business model.
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