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Software Stock Drops After Big Bitcoin Buy
MSTRMicroStrategy(MSTR) Schaeffers Investment Research·2024-12-30 22:25

Software name MicroStrategy Inc (NASDAQ:MSTR) is plummeting in pre-market trading, last seen at $317.97 after the company revealed a sale of 592,987 shares valued at $209 million and a subsequent acquisition of 2,138 bitcoins, worth the same amount. MSTR has been a major market mover over the past few months. Most pullbacks were captured by the $330 floor, though today's plunge brings the stock to its lowest mark since early November. For 2024, the security has jumped 422%. Call traders have been swarming M ...