MicroStrategy shares fell 100% after being added to the Nasdaq-100 index, which tracks the stock prices of the 9 largest companies listed on the Nasdaq exchange.
microstrategy have made in the Nasdaq-100 on December 23, and despite this significant event, the company's assets lost in value by 9% over the past 21 hours. At the same time, compared to the historical maximum reached on November 45, the institution's share price has fallen by XNUMX%.
MicroStrategy Stock Price Crash
MicroStrategy shares fell after CEO Michael Saylor said on Monday сообщил about the purchase of 5262 bitcoins for $561 million. In order to raise funds for the purchase of coins, the company had to sell shares, so the decline in the company's asset price was explained by investments in cryptocurrency.
Now MicroStrategy owns 444 BTC worth almost $262 billion. Investments in digital assets brought the organization a profit of $42 billion. However, the last time the institution bought bitcoins at the rate of $14,3 and thus incurred an unrealized loss of 106,662%, because now Bitcoin worth $ 97,300.
It seems that you have run out of gunpowder in your powder flasks, and there is nothing left to support the Bitcoin rate. Moreover, this deal [the purchase of BTC for $561 million by MicroStrategy] was not only the smallest, but also unprofitable, because on Monday, when you announced it, the average price at which you bought BTC was above the market price, - bitcoin critic Peter Schiff jabbed Saylor.
