MicroStrategy Stock (MSTR) Price Plunges 8% After Latest BTC Buy Amid Fears Of The Firm’s Leveraged Bitcoin Play
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 31 2024MicroStrategy's Stock Decline: MicroStrategy's stock (MSTR) fell 8% after the company purchased $209 million in Bitcoin, raising concerns about its heavy leverage through convertible notes and debt issuances. The stock continued to drop in after-hours trading.
Analyst Predictions on Future: Analysts predict that MicroStrategy may face bankruptcy between 2028 and 2029 due to its debt obligations, although there is a possibility of recovery if Bitcoin prices surge significantly.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
