$Strategy(MSTR.US) The bifurcation in stock markets continued in the last week when investors dumped cryptocurrencies. Notably, Bitcoin struggled to hold support at the $60,000 level. BTC fell to around $58,000 before getting back to support levels. Strategy is leading its panicked selling. The software-turned-BTC holder has heavy dividend payment commitments for its preferred shares. The more Bitcoin falls, the deeper its mark-to-market losses get. And this is completely expected. Cryptocurrencies rely heavily on demand and supply, and with the bears taking over, the slump continues. Holding Strategy is like holding BTC with additional risks - negative sentiment around Strategy's operations/tactics. @Bridge Buzz SG

The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.