MicroStrategy Cuts Its Stock Offering Price. Blame Bitcoin. - Barron's
1. MicroStrategy lowered offering price to $85, indicating investor caution. 2. The company plans to sell 8.5 million shares for $711.2 million. 3. Bitcoin prices have dropped 25% from record high, impacting investor confidence. 4. MicroStrategy continues to acquire Bitcoin, despite a slower purchase pace. 5. Company's stock remains below its all-time high, reflecting market volatility.