Bitcoin hoarder Strategy set to rack up over 50% loss since November peak
** Shares of largest corporate holder of bitcoin Strategy , formerly known as MicroStrategy, drop 11.5% to $250.12, levels last seen around U.S. elections** Top loser on the Nasdaq 100 index as bitcoin prices slump over 8% to $86,212** At current levels, MSTR, which soared over four-fold in value in 2024, has wiped off more than half of its value since hitting an all-time high on November 21** Co disclosed it held about 478,740 bitcoins, which is more than 2% of total bitcoin supply, bought at average price of $65,033, as of Feb. 17** Earlier this month co reported fourth consecutive quarterly loss and booked impairment charges of $1.01 billion on its bitcoin stockpile** MSTR aggressively added bitcoin to its balance sheet through a combination of debt and equity deals, which spurred its market value to swell alongside the cryptocurrency's surge to record highs