Strategy's decision to continue buying bitcoin during a downturn has had an unexpected consequence on the company's stock performance.
As bitcoin's value plummeted in late January, Strategy's stock suffered significant losses, losing over two-thirds of its value. However, instead of cutting ties with the cryptocurrency, Executive Chairman Michael Saylor stuck to his plan of investing in bitcoin 'forever'.
This decision has paid off as Strategy's stock has rebounded by 35% from its February low, surpassing even the gains made by bitcoin itself.