MicroStrategy’s Stock Plummets as Saylor Introduces More Flexible Share Issuance

Shares of MicroStrategy (MSTR), the company led by Bitcoin advocate Michael Saylor, have dropped to their lowest point in almost four months. This decline follows a general downturn in the cryptocurrency market and after Saylor announced that the firm will loosen restrictions on issuing more shares to fund operations and potentially acquire additional Bitcoin. Shares of MSTR have fallen 8% since Monday, adding to a broader selloff among crypto-related businesses. Meanwhile, Bitcoin’s value has dropped by 8.6% since hitting an all-time high of $124,128 last Thursday, trading around $113,955 now.