MicroStrategy’s Bitcoin Investment Under Pressure as Market Selloff Intensifies

Bitcoin’s recent plunge has put the spotlight on MicroStrategy, the company best known for its massive Bitcoin holding. The cryptocurrency briefly dipped below $80,500 this week, pushing MicroStrategy’s holdings 8 percent away from their average purchase price of $74,433. This dramatic reversal comes just 46 days after the position was up nearly 70 percent, highlighting the volatility of Bitcoin in the market.