MicroStrategy Adjusts Stock Issuance Policy, Stock Price Hits Four-Month Low

According to reports, MicroStrategy has announced a reduction in the threshold for issuing additional shares to raise more funds for Bitcoin purchases. This move resulted in the company's stock price dropping 7.43% to $336.57 at Tuesday's close, with an after-hours decline of 0.76%, marking a new low since April 21. The company's latest policy allows for the issuance of new shares when net assets are below 2.5 times, aimed at repaying debt interest and paying dividends. This change has raised concerns among some investors about the company's motives. Meanwhile, shares of other cryptocurrency-related companies also saw declines.