1. Bitcoin fell below $90K, pulling MSTR shares down 5% pre-market. 2. MSTR resumed Bitcoin buying; recent purchase lost ~$200M in value. 3. Long-term average cost remains favorable amidst current crypto volatility.
MSTR’s share price is directly correlated with Bitcoin; the recent slump has immediately eroded recent Bitcoin purchase values. Historical crypto slowdowns, like 2021’s dips, have similarly pressed MSTR’s valuation in the short term.
This news is highly pertinent due to MSTR’s large Bitcoin holdings and recent aggressive purchases, making short-term volatility likely to impact its stock price.
The article highlights an immediate reaction from the market as Bitcoin volatility directly depresses share performance, even though long-term fundamentals appear robust.