Stock Performance Amid Bitcoin Volatility
MicroStrategy’s stock (MSTR) has fallen for some time, even though it is featured in the NASDAQ 100 Index. On Monday, the stock fell 8.78% to $332, down 19% on the week and 17.65% on the month. From its high of $472 in November, the stock price has now pulled back by 30%.
Other factors include the recent fluctuation in the bitcoin market, which has also affected the firm’s stock. Bitcoin reached an ATH at $ 108k, yet there is pressure selling, and it has gone down to $90k, which marked a weekly loss of 11.52%.
Nevertheless, MicroStrategy sees its Bitcoin-focused strategy and future growth in the same terms and expects a more favorable legal framework in the United States.