Strategy Stock Drops 5% Due to Suspension of Bitcoin Purchases
2026-08-20 07:44:17
According to CoinMeta, Strategy’s stock fell by 5.28% on August 18, closing at $92.52, despite its dollar reserves having reached $4.8 billion. Investors expressed concern regarding its decision to suspend Bitcoin purchases. The stock has risen by about 5% in the past month, but its 52-week range shows significant price volatility. Strategy also reduced its long-term convertible debt by 18% to approximately $6.7 billion, while its cash reserves increased to around $4.8 billion. Nevertheless, the company reported a net loss of $8.22 billion in the second quarter, mainly due to unrealized losses related to Bitcoin prices.
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Source:The Coin Republic
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