Analysis: MicroStrategy stock drops 12% and breaks the $250 barrier for the first time since November!
🔹 What is happening?
MicroStrategy (MSTR) stock fell by 12%, dropping below $250, its lowest level since November.
The stock is now down more than 55% from its all-time high.
🔹 What is the reason behind this drop?
Volatility in the price of Bitcoin, as MicroStrategy heavily relies on its BTC holdings.
Investor concerns about the company's financing strategies, especially after the recent issuance of $2 billion in bonds.
Profit-taking after strong gains in the past months.
⚡ Does this represent a buying opportunity or is the decline continuing?
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