MicroStrategy Stock Cools Down After 25% Rally

Shares of MicroStrategy (MSTR) are experiencing a pullback today after a substantial 25% surge earlier this week. This follows Bitcoin’s rally above $82,000 on Wednesday, contributing to the stock’s dramatic gain. However, the momentum has since faded, with MSTR currently trading around $269, down more than 8% as the gains recede. This decline comes despite MicroStrategy’s significant Bitcoin holdings; the firm owns a substantial amount of BTC, approximately 528,185, valued at roughly $43.84 billion at an average price of $83,000 per coin.