MicroStrategy shares fell to over $300 in the after-hours session on December 30. Could MicroStrategy be slowly losing momentum?
MicroStrategy stock (MSTR) is down 46% from its all-time high in November. This comes as the company attempts to increase its stock holdings by billions of dollars to support its $42 billion funding strategy.
According to Google Finance statistics, the company’s shares fell for the second day in a row and the price level hit a whopping low of $302.96, a loss of 8.2% of the share value. Late trading saw the share price fall further by three percent to $293.59.
Last week, MSTR acquired 2138 BTC, bringing the total to 446400 BTC. In addition, its shares were added to the Nasdaq 100 index on December 23, after which shares rose by 402%.
However, MSTR has been in a bearish trend since hitting its intraday high at $543 on November 21st. However, this fact does not detract from the fact that the company reported 342% year-to-date growth due to the aggressive Bitcoin (BTC) accumulation strategy that MSTR has pursued alongside the high price increase of 121% of the cryptocurrency.
Is MicroStrategy losing momentum?
MSTR’s BTC accumulation approach has been questioned
