Strategy Stock Erases Nearly Half Its Value as Crypto Slumps

Shares of Michael Saylor’s Strategy fell to nearly halfway below their peak as investors fret about economic headwinds and retreat from cryptocurrency-related bets that initially benefited from Donald Trump’s election win.

The stock of Strategy, formally known as MicroStrategy, fell 17% on Monday to $239.27. It’s now lost 49.5% of its value since closing at an all-time high of $473.83 in November.