MicroStrategy Stock Drops 40% – Is the Bitcoin Strategy Failing?

The post MicroStrategy Stock Drops 40% – Is the Bitcoin Strategy Failing? appeared first on Coinpedia Fintech News

Strategy (formerly MicroStrategy), the largest corporate holder of Bitcoin, has been one of the loudest champions of the cryptocurrency. But now, its stock (MSTR) is down 40% from its peak, even as Bitcoin struggles to stay above $90,000. Despite the drop, MSTR is still trading 60% above its fair value—but that gap is closing fast …