Express
Strategy Stock Price Hits Near 4-Month Low Due to Bitcoin Price Correction and Company Stock Issuance Policy Adjustment
Summary: According to reports from Cointelegraph, Strategy (MSTR) stock price fell by 7.43% yesterday to close at $336.57, the lowest level since April 17, possibly due to a Bitcoin price correction and adjustments in the company's stock issuance policy. Earlier, Strategy CEO Michael Saylor announced updates to the stock issuance guidelines, allowing strategic stock issuance when ...
According to reports from Cointelegraph, Strategy (MSTR) stock price fell by 7.43% yesterday to close at $336.57, the lowest level since April 17, possibly due to a Bitcoin price correction and adjustments in the company's stock issuance policy.
Earlier, Strategy CEO Michael Saylor announced updates to the stock issuance guidelines, allowing strategic stock issuance when MSTR stock price falls below 2.5 times its net asset value (mNAV). This announcement has sparked shareholder disputes, with some seeing it as contradictory to the second-quarter financial report, while others view it as a positive signal for increasing Bitcoin holdings.
Tags:
Link: Strategy Stock Price Hits Near 4-Month Low Due to Bitcoin Price Correction and Company Stock Issuance Policy Adjustment [Copy]
