MicroStrategy Shares Fall 7% to Four-Month Low as Bitcoin Drops Below $60,000
MSTR•MicroStrategy stock slid to a four-month low of $114 before rebounding to $120, marking a nearly 7% decline as Bitcoin dipped below $60,000. The firm sold 32 Bitcoin for $2.5 million—the first sale since 2022—and its STRC preferred shares fell 3.6% to $93.
1. Share Performance
MicroStrategy shares dropped to $114—the lowest since early February—before recovering to $120, ending the day down nearly 7%.
2. Bitcoin Price and Sale
Bitcoin fell as low as $59,227 and later rose to $60,311, representing a roughly 5% 24-hour decline. MicroStrategy sold 32 Bitcoin for $2.5 million, its first sale since 2022, aiming to demonstrate dividend funding flexibility.
3. STRC Preferred Stock
The STRC preferred shares declined 3.6% to $93, touching a low of $90.38 since its $2.5 billion IPO. The product now carries a $9.55 billion market cap, while its 11.5% annual dividend rate has remained unchanged for four months.
4. Balance Sheet and Reserves
MicroStrategy has deployed $63.9 billion to accumulate Bitcoin, with current holdings valued at $50.4 billion and $13.7 billion in unrealized losses. The firm set aside $2.25 billion to support STRC distributions, using 61% of that reserve for recent debt repurchases.
