Strategy (MSTR) stock falls as bitcoin slides and inflation data rattles risk trades
Strategy Inc shares fell 3.3% to $128.96 in midafternoon trading Friday, tracking a 3.1% drop in bitcoin. U.S. producer prices rose 0.5% in January, above forecasts, adding pressure to risk assets. A filing showed former officer Wei-Ming Shao plans to sell 1,000 shares. Investors are watching for the March 6 U.S. jobs report.