Strategy (MSTR) shares fell on Monday and trading volume surged after the Nasdaq-listed company announced new dollar reserves and revised its full-year profit outlook.
More than 42.9 million shares changed hands, making it the busiest trading day since December 20, 2024, according to TradingView data. The stock fell 3.25% to $171.42.
Strategy is the world’s largest publicly listed Bitcoin Financial Assets, Inc. holds 650,000 Bitcoins worth approximately $56 billion. As founder Michael Saylor said at the time, the company began accumulating tokens in 2020 to hedge against the decline in the purchasing power of the U.S. dollar.
Since then, the company has sold preferred shares to fund additional Bitcoin purchases. On Monday, Strategy announced the creation of $1.44 billion in reserves to support preferred stock dividend payments and interest on outstanding debt.
The company also said it expected full-year earnings to range from a net loss of $5.5 billion to $6.3 billion, with the world’s largest cryptocurrency down 30% from its all-time high in October.
