Reported 2 days ago
MicroStrategy's stock plummeted by 11% on Tuesday, driven by a significant decline in Bitcoin prices, which fell 5% after a brief rally. The company's heavy investment in Bitcoin has made its stock highly dependent on the cryptocurrency's performance. Recent economic data, showing a rise in job openings, has led investors to fear that sustained high interest rates could negatively impact speculative assets like Bitcoin, further affecting MicroStrategy's stock value.
Source: YAHOO