MicroStrategy, Bitcoin and 21B stock
· 6h · on MSN
Here is why MicroStrategy's stock is down by almost 10%: $21B stock sale explained
MicroStrategy Unveils $21 Billion Stock-Sale Plan to Buy Bitcoin
MicroStrategy said on Monday that it plans to raise up to $21 billion to turbocharge its bitcoin accumulation bet. MicroStrategy, which holds nearly 500,000 bitcoins worth $40 billion, intends to sell a type of special stock called “perpetual strike preferred stock.
Breaking: MicroStrategy To Raise $21 Billion To Buy More Bitcoin
The company said early Monday it may issue an additional $21 billion of the preferred through at-the-market offerings.
Peter Schiff warns MicroStrategy's Bitcoin strategy risks bankruptcy amid a 55% stock drop and rising debt as BTC dips to $79,000.
Shares of MicroStrategy Inc ( MSTR -10.22%) are falling on Monday. The company's stock lost 12.6% as of 10:50 a.m. ET and was down as much as 13.9% earlier in the day. The drop comes as the S&P 500 lost 2%, and the Nasdaq Composite lost 3.5%.
Bitcoin was supposed to boom under a crypto-friendly Trump administration, but prices have tumbled 25% since hitting an all-time high on Inauguration Day. The largest cryptocurrency slid to about $79,
MicroStrategy, led by Michael Saylor, has transformed into a Bitcoin-backed company, using BTC as its primary treasury reserve asset. The company's stock (MSTR) is heavily correlated with Bitcoin's price movements due to:
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24/7 Wall St. on MSNWhy Wall Street Is Punishing Palantir, Tesla and MicroStrategy TodayThe tariffs-inspired stock market rout that began last week picked up steam on Monday, with the SPDR S&P 500 ETF Trust (NYSE: SPY) falling about 2.1% through noon ET, and the Nasdaq off 3.4%. Searching amongst the rubble,
MicroStrategy (NasdaqGS:MSTR) recently captured attention as its board declared a quarterly cash dividend of $1.24 per share for its 8.00% series A preferred stock. This announcement coincided with a 12% increase in the company's share price over the past week.
MicroStrategy's stock has lost 47% since November 2024, falling from $543 to $287.18 as of March 9, 2025. Given MicroStrategy's deep financial and strategic ties to the digital asset, this sharp decline raises serious concerns for Bitcoin (BTC) and the broader crypto market.
We recently compiled a list of the 10 Stocks Trade Weaker on Disappointing News. In this article, we are going to take a look at where MicroStrategy Incorporated (NASDAQ:MSTR) stands against the other stocks.
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