MicroStrategy stock drops 60% from peak as mNAV approaches 1

Strategy (Nasdaq: MSTR), formerly MicroStrategy, has seen its fortune decline of late as the leading Bitcoin (BTC) treasury's stock has dropped by a drastic 60% from its peak. The MSTR stock is exchanging hands at $224.20 at the time of writing, nearly 60% lower than its all-time high (ATH) of$ 543. The shocking slump comes amid a decline of more than 10% in BTC's price within a month. Related: Legendary short seller closes MicroStrategy trade Moreover, Strategy's multiple-to-net-asset-value (mNAV) has b ...