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Fortune

Catherine McGrath

Strategy stock is down 50% since November highs as economic headwinds weigh on Bitcoin

Strategy Bitcoin Mark Palmer Donald Trump

(Credit: Chris Kleponis/CNP/Bloomberg—Getty Images)

Shares of Strategy, the software company turned Bitcoin, previously hit an all-time high of $474 in mid-November.

Strategy executive chairman Michael Saylor has helped the company acquire nearly 500,000 Bitcoins—worth more than $40 billion—since 2020 by borrowing money and selling shares in the company. Strategy announced a plan in October to raise an additional $42 billion by 2027 to continue amassing Bitcoin.

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