Michael Saylor’s Strategy shares slide from $543 in November 2024 to $82
MicroStrategy (NASDAQ:MSTR) shares fell from a 2024 November high of $543 to $82, cutting its market capitalization from $128 billion to $28 billion. The company’s Bitcoin holdings face a larger unrealized loss, with an average cost of $64,000 versus a current BTC price of about $60,000. Total debt has risen to more than $8 billion, and the company recently sold 32 bitcoins for the first time in years, raising concerns about liquidity and further sales.