Trading volume in Strategy (MSTR) stock soared on Monday as shares fell after the Nasdaq-listed company announced a new dollar reserve and adjusted its full-year earnings outlook.
More than 42.9 million shares changed hands, making it the most active trading day since December 20, 2024, according to data from TradingView. The stock lost 3.25% to $171.42.
The strategy is the world’s largest publicly traded bitcoin. treasury asset company, with 650,000 BTC valued at around $56 billion. The company began accumulating coins in 2020 to protect against the dollar’s falling purchasing power, as its founder Michael Saylor said at the time.
The company has since sold preferred stock to fund further bitcoin purchases. On Monday, Strategy announced a reserve of $1.44 billion to support dividend payments on preferred stock and interest on its outstanding debt.
It also said it expects full-year profits to range between a net loss of $5.5 billion and net income of $6.3 billion after the world’s largest cryptocurrency fell 30% from the all-time high it hit in October.
