Strategy shares down 30% after Forbes cover, despite profitable Bitcoin investment

From Cointelegraph

March 10, 2025 10:25:53 pm:

Strategy shares have fallen 30% since Michael Saylor’s Forbes cover feature, dropping from $340.09 to $238.25 between Jan. 30 and March 10. The Nasdaq Composite, where Strategy belongs, fell over 4% on March 10. Strategy plans to raise $21 billion for Bitcoin and working capital, despite Fear & Greed index at “16” (Extreme Fear).

Strategy’s Bitcoin investment remains profitable, up 18.9% despite Bitcoin’s largest weekly decline. The company bought 20,356 Bitcoin for nearly $2 billion. While some entrepreneurs featured on Forbes have faced controversy, Strategy’s move to acquire more Bitcoin has sparked debate and spawned copycats in the business world, with some companies seeing a surge in investor enthusiasm.

Read more at Cointelegraph: Strategy shares down 30% since Saylor’s Forbes cover