MicroStrategy’s stock has dropped below $300, a 46% decline from its November peak, amid mounting questions over the company’s plan to raise billions for additional Bitcoin acquisitions.
While MSTR is still up 342% this year – buoyed by Bitcoin’s 121% rise – it has steadily fallen from an intraday high of $543 on November 21.
Despite recently adding 2,138 BTC to its treasury for a total of 446,400 BTC and securing a spot in the Nasdaq 100, MicroStrategy faces uncertainty around its “21/21” strategy, which involves raising $42 billion through a mix of equity and fixed-income offerings.
The firm also proposed expanding its Class A common shares by $10 billion and preferred shares by $1 billion, sparking concerns over potential shareholder dilution.
Some analysts point out that if MicroStrategy continues its aggressive BTC purchases, existing shareholders risk being diluted. Conversely, any hesitation could undermine the company’s identity, which is heavily tied to Bitcoin’s performance – particularly at a time when Bitcoin’s rally may be cooling.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.
The latest market turbulence, fueled by geopolitical tensions and investor fear, offered a textbook case of how sentiment swings and whale behavior shape crypto price action.