MicroStrategy, a prominent business intelligence firm heavily invested in Bitcoin, saw its shares plummet by 29% ahead of the market opening. This decline is attributed to widespread losses across crypto stocks, driven by Bitcoin's recent price drop below the $50,000 mark. As a result, investor sentiment has turned negative, impacting MicroStrategy's stock performance significantly. Analysts are closely monitoring the situation, as the company's heavy reliance on Bitcoin continues to create volatility in its stock price.Read more on Decrypt
MicroStrategy Shares Drop 29% as Crypto Stocks Suffer
