If this trend continues, MicroStrategy may need to reassess its aggressive Bitcoin acquisition strategy. While the company also owns a small software business, its shares largely

Strategy (formerly MicroStrategy) stock has fallen 16% year-to-date as Bitcoin prices correct, though the company maintains significant unrealized profits on its 499,096 Bitcoin holdings purchased at an average cost of $66,

MicroStrategy said on Monday that it plans to raise up to $21 billion to turbocharge its bitcoin accumulation bet. MicroStrategy, which holds nearly 500,000 bitcoins worth $40 billion, intends to sell a type of special stock called “perpetual strike preferred stock.