MicroStrategy Shares Fall Over 5% to Monthly Low Below $124 on Bitcoin Slide
MicroStrategy shares fell over 5% to below $124, marking a monthly low after Bitcoin plunged to as low as $65,720. The sell-off coincided with more than $500 million in crypto liquidations and heightened geopolitical uncertainty following developments in the Iran conflict.
1. Bitcoin Price Slump
Bitcoin fell to $65,720, its lowest level since March 2, sliding over 4% on the day as traders grew increasingly bearish on further rallies.
2. MicroStrategy Share Impact
MicroStrategy, which holds approximately $50 billion in Bitcoin, saw its stock decline more than 5%, dipping below $124 for the first time in over a month.
3. Liquidations and Geopolitical Risks
Over $500 million in crypto positions were liquidated in 24 hours—nearly 90% from long bets—as markets reacted to renewed tensions in the Iran conflict following recent military developments.