Bitcoin
Strategy Is Down 45% From Its High. Saylor Sees “the Next Bitcoin Bull Market”
Key Takeaways Strategy is down 45% from its high a year ago after bitcoin fell below what it paid for its coins and its STRC preferred stock slipped under $100, a slide that also hit MARA Holdings and Coinbase. Executive Chairman Michael Saylor says the next bitcoin bull market has begun, but Strategy’s bitcoin per share is down 3.7% in 2026 because its share count grew faster than its holdings. CEO Phong Le put the stock at 1.15x the value of its bitcoin on the third-quarter call, below the 1.22x break-even for selling stock to buy bitcoin. Until that premium...
TIKR.com7 min read
