According to @CNBC, Strategy shares have been hit hard by a Bitcoin (BTC) sell-off, with the source directly linking the stock’s decline to BTC weakness (source: CNBC). The report focuses on using options to bet on a bounce in this risky, crypto-sensitive stock, outlining an options-based approach rather than outright equity exposure (source: CNBC). This framing emphasizes that BTC-driven volatility is the key catalyst for the trade setup and the rationale for using options to manage risk while targeting upside (source: CNBC).