Bloomberg: Strategy Stock Plunges Nearly 50% as Cryptocurrency Meltdown Wipes Out Market Value

BlockBeats News, March 11th, according to Bloomberg, Strategy (formerly MicroStrategy) saw a significant drop in its stock price, shrinking nearly in half from its peak, as investors worried about an economic headwind and unwound bets on cryptocurrency that had benefited from Donald Trump's election.

Strategy's stock price fell 17% on Monday to $239.27. The stock has dropped 49.5% since hitting a record high close of $473.83 in November last year.