Strategy's stock has plummeted 65% since mid-July, sparking renewed debate over its Bitcoin-centric investment approach. The company, under Michael Saylor's leadership, has become a de facto public proxy for Bitcoin, with its stock price closely mirroring Bitcoin's volatility. Critics highlight the risks of leverage and debt potentially leading to forced asset sales, while supporters point to the firm's long-term borrowing strategy. Bitcoin's price volatility, currently hovering near $80,000, has intensified scrutiny on companies with significant crypto exposure. Social media and prediction markets reflect growing concern, though analysts advise caution against overreacting to online sentiment. The ongoing debate questions whether Strategy's stock drop represents a buying opportunity or a cautionary tale.