Bitcoin's Big Drop: How It's Shaking Up Strategy Investors

Strategy Inc, a company heavily invested in Bitcoin, is feeling the heat as the cryptocurrency takes a nosedive. Bitcoin has just hit a six-month low, dropping below $90, 000. This isn't good news for Strategy Inc, as its stock value is closely tied to Bitcoin's performance. Strategy Inc has been on a buying spree, recently snapping up 8, 178 Bitcoins for a whopping $835. 6 million. But with Bitcoin's value plummeting, the company's balance sheet is taking a hit. The stock is down over 30% in the past month, and it's struggling to stay above the $200 mark. Despite the crypto market looking gloomy, with Ethereum also taking a hit, Strategy Inc's CEO, Michael Saylor, is staying optimistic. He's stated that the company is "always buying" and is well-covered even if Bitcoin were to crash by 80%. However, not everyone is as bullish. Analysts are flagging Strategy Inc's stock as technically weak, with negative trends in the short, medium, and long term. The stock is currently trading near its 52-week low, and volatility is high. So, what's an investor to do? If you're looking to buy Strategy Inc stock, you can do so through a brokerage account. Many platforms allow you to buy fractional shares, so you don't have to invest a huge amount upfront. But if you're thinking of betting against the company, it's a more complex process. You'll need access to an options trading platform or a broker who allows short selling. It's not for the faint-hearted, and it's important to understand the risks involved.