Strategy shares slide 5.59% to $110.05 as $104.00 support comes into focus

Strategy (MSTR) fell 5.59% to $110.05, hovering near its 52-week low of $104.16. STRC preferred shares sank to a record low before a modest rebound, but remained down on the session. Markets saw no forward guidance from the Federal Reserve’s FOMC meeting, with rate-hike expectations rising and both two-year Treasury yields and the dollar moving higher, pressuring risk assets.