MSTR Stock Crashes as Strategy Shifts Bitcoin Valuation Metrics

Strategy, a Bitcoin treasury company with ticker MSTR, saw its stock price plummet by 6.38% on July 24, to close at $93.

This decline followed Strategy's announcement of a change in how it measures Bitcoin exposure for common shareholders.

The company will now calculate the net Bitcoin per share after deducting net debt and preferred liabilities from its total holdings, rather than using the gross holdings as before.

According to Strategy, it currently holds 554,569 in net Bitcoin, while its gross holdings stand at 843,775 BTC.