Trading volume in Strategy shares ( MSTR ) exploded Monday as the stock fell after the Nasdaq-listed company announced a new dollar reserve and adjusted its full-year earnings outlook.
More than 42.9 million shares changed hands, making it the busiest trading day since Dec. 20, 2024, according to TradingView data. The stock lost 3.25% to $171.42.
Strategy is the world’s largest publicly traded bitcoin a financial asset firm that holds 650,000 BTC worth about $56 billion. The company began accumulating coins in 2020 to hedge against the dollar’s declining purchasing power, founder Michael Saylor said at the time.
Since then, the company has sold preferred stock to fund more bitcoin purchases. On Monday, Strategy announced a $1.44 billion reserve to support dividend payments on its preferred stock and interest on its outstanding debt.
It also said it expects full-year earnings to range from a net loss of $5.5 billion to a net income of $6.3 billion after the world’s biggest cryptocurrency fell 30% from a record high it hit in October.
