Strategy stock slides 20% from September peak as Bitcoin and ETF inflows weaken

Strategy stock fell over 5% on Friday, closing at $136, which marks a 20% decline from its September high and the lowest level since mid-September. This renewed drop comes as momentum in both the stock and Bitcoin appears to be fading, with ongoing concerns about share dilution among investors. Shares of Strategy, a firm holding one of the world’s largest public Bitcoin positions, have closely tracked the cryptocurrency’s recent downturn. Bitcoin’s price surged to a peak of $87,270 in September but has since fallen to about $80,980 as appetite in both futures and spot ETF markets has weakened. Spot Bitcoin ETFs, which saw substantial net inflows in recent months, recorded more than $534 million in outflows this month, reversing September’s inflows of $2.6 billion and August’s $3.52 billion increase.

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