Strategy (NASDAQ: MSTR) stock is slumping in Tuesday's trading. The company's share price was down 13% as of 2:40 p.m. ET. Meanwhile, the S&P 500 was down 0.6% and the Nasdaq Composite was down 1.3%.

MicroStrategy stock were falling early Tuesday as the price of Bitcoin slumped below $90,000 to a three-month low. Shares of MicroStrategy, which prefers to be known as Strategy, were down 11%. Other crypto stocks were also falling: Crypto exchange Coinbase Global has declined 8.

Bitcoin plunged on Tuesday to a three-month low below $90,000 after a string of weak economic reports and Trump’s threatened tariffs pushed investors to abandon risky assets. By Tuesday afternoon in New York,

Investors entered the New Year cheerful about the prospects of a business- and crypto-friendly Trump administration. Yet two months into 2025, US stocks have lagged Europe and Chinese stocks, bitcoin is sliding and concerns about inflation are mounting.

"Do not buy the dip yet. A move to the low 80s is on," the Standard Chartered analyst Geoff Kendrick said of the latest sell-off.