Strategy slips as bitcoin selloff prompts sharp forecast cut

Shares of bitcoin buyer Strategy MSTR.O drop 4.6% to $169.33 premarket

Co slashes 2025 earnings forecast after massive drop in bitcoin prices

MSTR's updated 2025 outlook ranges from a loss of $17 per share to a profit of $19 per share, compared with its previous forecast of $80 per share profit

Also sets up a $1.44 billion reserve to pay dividends on preferred stock

MSTR has lost 39% YTD as of last close

Meanwhile, other crypto-linked stocks also slide on Monday, tracking weakness in bitcoin and ether