** Shares of largest corporate holder of bitcoin Strategy MSTR.O, formerly known as MicroStrategy, drop 11.5% to $250.12, levels last seen around U.S. elections
** Top loser on the Nasdaq 100 index .NDX as bitcoin prices slump over 8% to $86,212
** At current levels, MSTR, which soared over four-fold in value in 2024, has wiped off more than half of its value since hitting an all-time high on November 21
** Co disclosed it held about 478,740 bitcoins, which is more than 2% of total bitcoin supply, bought at average price of $65,033, as of Feb. 17
** Earlier this month co reported fourth consecutive quarterly loss and booked impairment charges of $1.01 billion on its bitcoin stockpile
** MSTR aggressively added bitcoin to its balance sheet through a combination of debt and equity deals, which spurred its market value to swell alongside the cryptocurrency's surge to record highs
(Reporting by Medha Singh)
((medha.singh@thomsonreuters.com))
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