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.
Elon Musk’s financial standing has taken a major hit, with his net worth shrinking by $70 billion since his public fallout with Donald Trump.
UBS analyst Brian Meredith has revised his outlook on Berkshire Hathaway’s Class B shares, trimming the price target from $606 to $591, while maintaining a “buy” rating.
In a move not seen in decades, the U.S. Treasury Department has initiated a historic $10 billion bond buyback—its largest ever—targeting securities set to mature between mid-2025 and mid-2027.
In a bold move to reshape the future of ApeCoin, Yuga Labs has introduced a proposal that would dissolve the existing ApeCoin DAO and replace it with a streamlined management body called ApeCo.