From boom to bust - MicroStrategy’s stock record crash fuels debate over Bitcoin reliance and market dynamics.
Retail investors poured $100M into MicroStrategy shares despite ongoing market volatility.The company’s valuation plunged by over 35% from its 21st November peak, wiping out more than $30 billion.
“MicroStrategy stock, MSTR, just fell a MASSIVE -35% from its peak seen on November 21st. That’s ~$30 BILLION of market cap erased in 4 trading days.”Despite a brief recovery, MSTR’s stock has continued to feel the impact of Bitcoin’s ongoing correction.According to The Kobeissi Letter, last week saw retail investors buying $42 million worth of shares in a single day—a record-breaking figure eight times October’s daily average.
On a yearly scale, BTC’s growth reached 146%, while MSTR outpaced it with a staggering 599% increase, highlighting its leveraged exposure to the cryptocurrency’s bullish trajectory.
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