MicroStrategy Shares Jump 12.6% on 44.9M Volume as Bitcoin Dips Below $60K
MSTR•Spot Bitcoin dipped below $60,000 support last week, falling to as low as $59,850 and sparking retail investor panic. MicroStrategy shares climbed 12.6% intraday, trading over 44.93 million shares as investors monitored the company's Bitcoin pivot and preferred share performance.
1. Bitcoin Support Breached
Bitcoin briefly fell below its critical $60,000 support level last week, reaching lows near $59,850 and triggering heightened volatility and retail selling pressure.
2. MicroStrategy Stock Reaction
Shares of MicroStrategy surged 12.6% intraday, with volume exceeding 44.93 million shares as investors reacted to the company's expanded Bitcoin pivot and renewed interest in its preferred stock.
