Trading volume in Strategy (MSTR) stock 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 treasury asset company, holding 650,000 BTC valued at approximately $56 billion. The company began accumulating coins in 2020 to protect against the decline in the purchasing power of the dollar, as founder Michael Saylor said at the time.
Since then, the company has sold preferred shares to fund more bitcoin purchases. On Monday, Strategy announced a $1.44 billion reserve to support the payment of preferred stock dividends and interest on its outstanding debt.
He also said he expects full-year profits to range from a net loss of $5.5 billion to a net profit of $6.3 billion after the world’s largest cryptocurrency fell 30% from a record high in October.
