Strategy Shares Fall 5% as Binance’s MSTRUSDT Contract Trades 24/7

Strategy shares fell 5% to $145.80 Thursday, Oct. 22, while Binance’s MSTRUSDT contract trades in a separate derivatives market that operates beyond the regular Nasdaq session. The shares dropped $7.68 from the previous close of $153.48. The regular Nasdaq session ended at 4 p.m. ET (20:00 UTC). The Binance MSTRUSDT contract is a USDT-settled perpetual contract tied to Strategy’s common stock. It trades around the clock and allows up to 10x leverage. Its trading activity reflects a separate derivatives market, not the Nasdaq share price or shareholder positions. Strategy held 848,517 Bitcoin (BTC) as of Oct.