Point72 exits Strategy stake, initiates $2.1M position in Strive

Point72, the hedge fund led by billionaire investor Steven Cohen, sold all 72,431 shares of Strategy (MSTR) it held as of June 30, according to a 13F filing with the U.S. SEC. The filing also showed the fund initiated a new position in 163,419 shares of Strive (ASST), valued at about $2.1 million.