Michael saylor set the model back in 2020 when he reshaped a small software company, then known as microstrategy, into a major crypto holder now operating as strategy Selloff in bitcoin and ether is tanking shares of crypto‑treasury companies like strategy and bitmine When bitcoin rallied earlier this year, strategy’s valuation climbed to about $128 billion in july
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Today, it is closer to $70 billion.
Michael saylor pioneered the move in 2020 when he transformed a tiny software company, then called microstrategy , into a bitcoin whale now known as strategy
But with bitcoin and ether prices now tumbling, so are shares in strategy and its copycats Strategy was worth around $128 billion at its peak in july It is now worth about $70 billion. But as bitcoin and ether prices tumble, so do these stocks
Strategy’s market value has fallen from roughly $128 billion in july to about $70 billion. The chart below shows how strategy's multiple to net asset value, which compares a company's market value to the value of the bitcoin it holds, has declined over time.
