An overnight crash in the price of bitcoin combined with a difficult to digest capital raise to send Strategy (MSTR) shares tumbling 12.5% to their weakest level in nearly 15 months in U.S. morning trading on Monday.
And yet, despite no bounce in the price of bitcoin BTC$86,478.77 — which remained near session lows of about $85,000 for the entire day — MSTR managed to nearly erase all of its losses, finishing lower by “just” 3.25%.
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