The euro-denominated preferred shares issued by Strategy at the beginning of the month have fallen below their issue price.

Foresight News reported, citing Bloomberg, that the euro-denominated preferred shares issued by Michael Saylor’s bitcoin fund management company, Strategy, have fallen below their already discounted issue price in less than two weeks. Earlier this month, Strategy sold €775 million (approximately $898 million) of preferred shares at a price of 80 cents per share. According to two people familiar with the matter, a few traders offering quotes for the stock are willing to sell at around 78 cents per share and buy at a few cents lower. As the quotes are made in private transactions, the two sources requested anonymity.