Why MicroStrategy Stock Plunged This Week [Yahoo! Finance]
MicroStrategy Incorporated - Class A (MSTR)
Last microstrategy incorporated - class a earnings: 4/28 04:01 pm
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Source: Yahoo! Finance
as the price of Bitcoin dropped and the company's premium to assets on the balance sheet came down. On Friday morning, shares were still down 22.5% for the week in pre-market trading, according to data provided by S&P Global Market Intelligence MicroStrategy and Bitcoin What MicroStrategy is trying to do is use its stock to purchase more Bitcoin and increase the amount of Bitcoin held per share. The strategy works if MicroStrategy's stock trades for a premium to the value of Bitcoin held per share. MicroStrategy can issue shares to buy Bitcoin, increasing the amount of Bitcoin per share and also likely increasing the price of Bitcoin by taking more supply off the market. The strategy works until there's no premium or when Bitcoin falls. This week, both happened. Bitcoin is down 5.5% over the past seven days as I'm writing and MicroStrategy's large drop indicates the premium is falling as well. CEO Michael Saylor's dangerous game The strategy to use MicroStrategy's stock as a
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News
- Scaramucci Says Concern Over MicroStrategy's Debt Is Overblown [Yahoo! Finance]Yahoo! Finance
- MicroStrategy Hits The Nasdaq 100: What It Means For The Bitcoin Firm [Forbes]Forbes
- Crypto Stocks Crash as Bitcoin Sinks Below $93K Amid Fed Signals [Yahoo! Finance]Yahoo! Finance
- Crypto Daybook Americas: China's Economic Woes Offer Hope as Fed Rate Talk Crashes BTC [Yahoo! Finance]Yahoo! Finance
- Twin Boom-and-Bust Hits $10 Trillion ETF Industry in Overdrive [Yahoo! Finance]Yahoo! Finance
MSTR
Sec Filings
- 12/20/24 - Form 8-K
- 12/16/24 - Form 8-K
- 12/9/24 - Form 8-K
- MSTR's page on the SEC website