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MicroStrategy is under renewed market pressure after Bitcoin slid to $60,000, pushing the company’s vast crypto treasury deeper below its average acquisition cost and reigniting concerns about balance-sheet risk.
Shares of the company fell sharply as Bitcoin extended its sell-off, reflecting Strategy’s role as a leveraged proxy for the cryptocurrency. The stock’s decline also pushed its market valuation below the value of its underlying Bitcoin holdings. This is a key stress signal for the firm’s…
