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Strategy shares<\/a> dropped as low as 10% today, currently trading at $142.88 and hitting a session low of $140.25 \u2014 the bottom of the stock\u2019s 52-week range.\u00a0<\/p>\n The decline comes as Bitcoin, which heavily influences the company\u2019s equity, fell over<\/a> 6% over the past 24 hours to roughly $84,300, according to Bitcoin Magazine data.<\/p>\n Strategy<\/a> has positioned itself as a bitcoin treasury firm while continuing its enterprise analytics software operations.\u00a0<\/p>\n Its stock frequently behaves as a leveraged proxy for Bitcoin, amplifying the token\u2019s swings. Strategy pullbacks often outpace cryptocurrency price movements, making the stock a barometer for broader risk appetite.<\/p>\n Thursday\u2019s sell-off was compounded by weakness across broader markets. Major tech names slumped ahead of earnings reports, with Microsoft dropping over 11% and Apple set to report after the close.\u00a0<\/p>\n Meta shares were<\/a> trading up 11% on strong earnings.\u00a0<\/p>\n Earlier this week, Strategy announced<\/a> another major bitcoin acquisition. The company purchased 2,932 BTC for $264 million, bringing its total holdings to 712,647 BTC. The purchases were executed at an average price of $90,061 per coin, lifting the company\u2019s total bitcoin holdings to 712,647 BTC.<\/p>\n As of Monday, the company\u2019s aggregate purchase price for its holdings stands at approximately $54.2 billion, including fees and expenses, translating to an average acquisition price of $76,037 per bitcoin. The latest purchases were funded through proceeds generated under Strategy\u2019s at-the-market (ATM) offering program.\u00a0<\/p>\nStrategy ($MSTR) purchases more bitcoin\u00a0<\/h2>\n