MarketPR
Strategy, the self-styled bitcoin treasury company and the largest institutional holder of $BTC, has watched its shares plummet 80% from their all-time high, a drawdown that would test most management teams' resolve.
Chairman Michael Saylor, whose identity is so intertwined with the bitcoin trade that separating the two is an analytical exercise in itself, is signaling he has no plans to blink.
Analysts, for their part, are telling clients to stay on the sidelines. The Magnitude of the Decline An 80% peak-to-trough decline is not a correction — it is a restructuring of the shareholder base.
At that depth, early believers who rode the stock to its highs have either already exited or are sitting on losses that make fresh buying decisions psychologically fraught.
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