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COINTURK NEWS > Bitcoin News > MicroStrategy Shares Experience Significant Decline Following Nasdaq Inclusion
Bitcoin News

MicroStrategy Shares Experience Significant Decline Following Nasdaq Inclusion

In Brief

  • MicroStrategy shares fell significantly post-Nasdaq-100 inclusion.

  • Michael Saylor's influence has boosted the company's visibility in Bitcoin.

  • Other companies are beginning to adopt MicroStrategy's Bitcoin acquisition strategy.

Fatih Uçar
Fatih Uçar 4 months ago
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MicroStrategy shares experienced a decline of approximately 30% after being included in the Nasdaq-100 index. Since reaching record levels at the end of November, the shares have dropped nearly 50%.

Contents
The Rise of Shares and Michael Saylor’s InfluenceCompanies Turning to Bitcoin

The Rise of Shares and Michael Saylor’s Influence

In 2024, the shares surged eightfold to reach $543. Since the company began acquiring Bitcoin $104,270 in August 2020, its share value has increased nearly 50 times. Founder and Chairman Michael Saylor has continually shared insights about Bitcoin’s future, enhancing the company’s visibility.

MicroStrategy consistently highlighted its performance indicator termed “Bitcoin yield.” The company pursued acquiring Bitcoin using cash generated through the sale of shares and convertible debt, a strategy that has begun to attract attention from other companies.

Companies Turning to Bitcoin

This year, smaller medical device maker Semler Scientific, Japan’s Metaplanet, and several Bitcoin miners have started adopting MicroStrategy’s Bitcoin strategy. These companies garnered social media recognition through announcements of capital increases and Bitcoin purchases.

“If something cannot go on forever, it will stop.” – Economist Herb Stein.

Following its inclusion in the Nasdaq-100 Index at the beginning of December, MicroStrategy shares significantly declined from $430. Technical analysts noted a negative divergence in the stock. Within five weeks, the stock fell nearly 45% from its peak to its lowest point.

Shares have risen over 400% year-to-date and have gained about 20 times in value since August 2020. While some speculate the decline will continue, others recall that past downturns were followed by significant recoveries in share prices.

The future of MicroStrategy depends on the company’s Bitcoin strategy and market conditions. For stakeholders, the company’s financial health and volatility in the Bitcoin market remain crucial factors.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 30 December, 2024 - 9:14 pm 30 December, 2024 - 9:14 pm
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