MicroStrategy Stock Tanks 90%, CEO Sees Bitcoin as ‘cyber Manhattan’
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MicroStrategy's stock has seen a dramatic decline, plummeting 90.34% to $124.69. This significant drop has wiped out approximately $1.165 billion in market capitalization. However, there is a slight rebound observed in pre-market trading, with the stock price edging up to $130.93. Earlier this year, MicroStrategy shares were trading much higher, achieving a closing price of $1,369.21. The stock's volatility is highlighted by its wide trading range throughout the year. Despite the persistent issue, the company's CEO maintains a positive outlook on Bitcoin, likening it to 'cyber Manhattan.'
Source: coinedition.com ↗
