On July 6, Strategy fell 4% in pre-market trading. The decline reflects mounting pressure from cryptocurrency exposure and accelerating asset sales.

On the news front, Strategy sold 3,588 BTC last week valued at over $220 million, reducing its holdings to 843,775 BTC. Simultaneously, the company reported a second-quarter unrealized loss of $8.31 billion, compounding investor concerns. Bitcoin itself fell below $62,000, amplifying downside momentum in crypto-linked equities.

The sell-off comes amid broader skepticism about Strategy's financing model. JPMorgan recently warned that Strategy's shift from net buyer to potential seller adds new uncertainty to the crypto market. Citi also lowered its target price to $136 on July 3. The company previously announced it may sell up to $1.25 billion in Bitcoin to fund cash reserves and dividend obligations, formally abandoning its long-standing never sell policy. With annual preferred stock dividend obligations approaching $800 million and software revenue at only $500 million, market participants continue to question the sustainability of its capital structure.

(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.)