On August 18, Strategy declined 5.07% in regular trading, trading at $92.55/share, with turnover of $1.294 billion. The stock continues to face sustained selling pressure amid multiple headwinds weighing on investor sentiment.

The decline comes as Strategy has been actively selling Bitcoin at a significant loss. Since late June, the company has offloaded 6,948 BTC at an average price of $62,146, well below its $75,000 cost basis, realizing approximately $93.12 million in losses. Multiple analysts have slashed price targets in recent weeks, with Mizuho cutting to $165 from $213, Barclays reducing to $125, and B. Riley lowering to $155 from $215. The company's Q2 earnings reported on July 30 showed a loss of $24.45 per share, far exceeding the consensus estimate of a $2.19 loss, with $83.2 billion in unrealized BTC fair value write-downs. The company's mNAV has fallen below 1, meaning the market now values Strategy below its Bitcoin holdings, fundamentally challenging its premium-equity-for-Bitcoin business model.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)