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MicroStrategy's stock price has fallen about 45% from its peak last month to around $300.

MicroStrategy's stock price has fallen about 45% from its peak last month to around $300.

Cointime2024/12/31 03:34
By: Cointime
BTC+0.51%

According to reports from CoinDesk, after MicroStrategy announced its inclusion in the Nasdaq 100 index, its stock price fell sharply. It is currently down about 30% from its peak of $543 on December 14, falling back to $300, a drop of about 45% in five weeks. Despite this, its stock price has still risen more than 400% by 2024, and has accumulated about 20 times since it began buying Bitcoin in 2020. Analysis suggests that this adjustment may be the result of a burst of excessive optimism, in line with the cyclical phenomenon of price fluctuations in George Soros' "reflexivity theory." At the same time, MicroStrategy's Bitcoin strategy has attracted followers and intensified market attention to its future volatility.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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