MicroStrategy's unconventional decision to buy Bitcoin has been lucrative for shareholders, with the stock up over 300% in the past six months. As little as a year ago, Microstrategy wasn’t associated with the Crypto Currency sector. MicroStrategy Stock (NASDAQ: MSTR) stock has moved -11.8% in a week (5 trading days). Shares of business intelligence specialist and cryptocurrency investor MicroStrategy (NASDAQ: MSTR) fell as much as 23.2% on Tuesday morning. Interestingly, though, the declines weren’t as bad as the 15% to 25% plunges seen in crypto tokens themselves. MicroStrategy Incorporated (NASDAQ:MSTR) gapped down before the market opened on Wednesday after Jefferies Financial Group lowered their price target on the stock from $700.00 to $540.00. 46 seconds Microstrategy (MSTR Stock) correction nearly complete FXStreet . Jefferies Financial Group currently has a hold rating on the stock. Image: MMG. Shares of MicroStrategy Inc. sank 7.5% toward a four-month low in premarket trading Thursday, as the enterprise software company and bitcoin play is being weighed down by the selloff in the cryptocurrency. The … MicroStrategy (NASDAQ:MSTR), whose leveraged bets on cryptocurrencies have been well documented, saw its stock fall 9%. MSTR stock is suffering on Wednesday after the company added another $10 million in Bitcoin to its balance sheet. Just as MicroStrategy (NASDAQ:MSTR) stock more than outpaced bitcoin's climb earlier this year, so is it falling faster than the crypto's price in Thursday's action. The stock had previously closed at $487.20, but opened at $457.58. Taiwan Stock Crash Shows World Dangers of Too Much Leverage. The company has been seen as a bitcoin play, because the company has been acquiring bitcoin and said it uses bitcoin as its primary treasury asset. ; MSTR … They were, and still are, a cloud based software company. The post MicroStrategy Not Fazed By Musk-Induced $300 Billion Crypto Market Crash – Continues To Spend Millions On Bitcoin appeared first on ZyCrypto. Bitcoin (COIN:BTCUSD) Intraday Stock Chart When MicroStrategy CEO Michael Saylor began stockpiling bitcoin in August as a hedge against a devaluing dollar, stock in his Virginia-based enterprise software company was barely trading at $135.. Saylor made his first bitcoin purchase on Aug. 11 and the MSTR price took off, hitting a peak of $1,272.94 per share on Feb. 9, before plummeting to …
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