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MicroStrategy (MSTR) Falls 24%, and Risks a Potential 96% Crash as Bitcoin Remains in Free-fall

As the turbulent crypto market witnessed the price of Bitcoin (BTC) plunge to $30k, MicroStrategy, one of the biggest corporate holders of the leading crypto, has seen its...
MicroStrategy (MSTR) Falls 24%, and Risks a Potential 96% Crash as Bitcoin Remains in Free-fall MicroStrategy (MSTR) Falls 24%, and Risks a Potential 96% Crash as Bitcoin Remains in Free-fall

As the turbulent crypto market witnessed the price of Bitcoin (BTC) plunge to $30k, MicroStrategy, one of the biggest corporate holders of the leading crypto, has seen its share prices drop to their lowest level since 2020.

MicroStrategy (MSTR) Drops Alongside Bitcoin

Business-intelligence software firm MicroStrategy, which led the world in institutional crypto investment, is feeling the effects of the recent Bitcoin crash, triggered by the Fed’s hike of interest rates.

The 7 day price chart for Bitcoin. Source: CoinMarketCap

Over the last week, the price of Bitcoin has fallen by more than 20%, with the world’s largest crypto dropping to below $30k for the first time in 10 months. MicroStrategy, which holds a stash of 129,218 bitcoin (BTC), has seen its share prices plunge as a result.

The 5 day price chart for MSTR. Source: MarketWatch

MicroStrategy (MSTR) shares fell as much as 24% on Monday to their lowest level since 2020, as Bitcoin and the stock markets went into free-fall.

MicroStrategy Options Hedge Could Plunge by 96%

Although MSTR has recovered from its low of $208, recorded on Tuesday, to take its current price of $228.6 as of this writing, the company’s share prices could further diminish if Bitcoin sinks further.

In anticipation of further losses, some traders have put options targeting a drop to $10 – representing an approximate 96% decline from its current share prices of around $228. However, there has thus far been little interest in MSTR stock for as low as $40, $20, or even $10.

On the Flipside

  • Regardless of the losses MicroStrategy has incurred due to Bitcoin’s crash, Michael Saylor, the founder of Microstrategy (NASDAQ:MSTR), has held firm in the pledge that his company would never sell its BTC.

Why You Should Care

MicroStrategy’s committment to Bitcoin means that performance on the stock market closely that of Bitcoin.

Continue reading on DailyCoin

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18-05-2022 14:14:22 (UTC+7)

EUR/USD

1.0517

-0.0030 (-0.28%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

EUR/USD

1.0517

-0.0030 (-0.28%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

GBP/USD

1.2418

-0.0073 (-0.58%)

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↑ Sell

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USD/JPY

129.21

-0.18 (-0.14%)

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↑ Sell

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AUD/USD

0.7005

-0.0024 (-0.34%)

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↑ Sell

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USD/CAD

1.2832

+0.0024 (+0.18%)

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↑ Buy

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EUR/JPY

135.88

-0.58 (-0.43%)

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↑ Sell

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EUR/CHF

1.0474

-0.0003 (-0.02%)

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Gold Futures

1,810.51

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↑ Buy

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Silver Futures

21.555

-0.195 (-0.90%)

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Copper Futures

4.1960

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Crude Oil WTI Futures

110.52

+0.89 (+0.81%)

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↑ Sell

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Brent Oil Futures

112.49

+0.56 (+0.50%)

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↑ Buy

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Natural Gas Futures

8.186

-0.128 (-1.54%)

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Sell (6)

US Coffee C Futures

228.63

+3.83 (+1.70%)

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Neutral

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Sell (4)

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Buy (2)

Sell (6)

Euro Stoxx 50

3,739.65

-1.86 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

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S&P 500

4,088.85

+80.84 (+2.02%)

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↑ Buy

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DAX

14,179.31

-6.63 (-0.05%)

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FTSE 100

7,507.60

-10.75 (-0.14%)

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Hang Seng

20,552.00

-50.52 (-0.25%)

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↑ Sell

Moving Avg:

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Sell (11)

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Sell (9)

US Small Cap 2000

1,840.30

+56.87 (+3.19%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (3)

IBEX 35

8,517.79

+42.09 (+0.50%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (0)

BASF SE NA O.N.

50.385

-0.305 (-0.60%)

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↑ Sell

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Sell (9)

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Sell (7)

Bayer AG NA

64.05

-0.07 (-0.11%)

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↑ Buy

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Allianz SE VNA O.N.

201.53

-0.72 (-0.36%)

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Sell (6)

Adidas AG

182.79

-0.51 (-0.28%)

Summary

↑ Buy

Moving Avg:

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Sell (1)

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Buy (9)

Sell (0)

Deutsche Lufthansa AG

6.862

+0.035 (+0.51%)

Summary

↑ Buy

Moving Avg:

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Siemens AG Class N

116.46

-0.04 (-0.03%)

Summary

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Deutsche Bank AG

9.543

+0.005 (+0.05%)

Summary

Neutral

Moving Avg:

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Indicators:

Buy (3)

Sell (5)

 EUR/USD1.0517Sell
 GBP/USD1.2418↑ Sell
 USD/JPY129.21↑ Sell
 AUD/USD0.7005↑ Sell
 USD/CAD1.2832↑ Buy
 EUR/JPY135.88↑ Sell
 EUR/CHF1.0474Sell
 Gold1,810.51↑ Buy
 Silver21.555Sell
 Copper4.1960↑ Sell
 Crude Oil WTI110.52↑ Sell
 Brent Oil112.49↑ Buy
 Natural Gas8.186↑ Sell
 US Coffee C228.63Neutral
 Euro Stoxx 503,739.65Neutral
 S&P 5004,088.85↑ Buy
 DAX14,179.31Buy
 FTSE 1007,507.60↑ Sell
 Hang Seng20,552.00↑ Sell
 Small Cap 20001,840.30Neutral
 IBEX 358,517.79↑ Buy
 BASF50.385↑ Sell
 Bayer64.05↑ Buy
 Allianz201.53↑ Sell
 Adidas182.79↑ Buy
 Lufthansa6.862↑ Buy
 Siemens AG116.46↑ Buy
 Deutsche Bank AG9.543Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,825/ 6,925
(0/ 0) # 1,845
SJC HCM6,825/ 6,925
(0/ 0) # 1,847
SJC Hanoi6,825/ 6,927
(0/ 0) # 1,849
SJC Danang6,825/ 6,927
(0/ 0) # 1,849
SJC Nhatrang6,825/ 6,927
(0/ 0) # 1,849
SJC Cantho6,825/ 6,927
(0/ 0) # 1,849
Cập nhật 18-05-2022 14:14:24
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ↀ Giá vàng thế giới
$1,812.46-2.22-0.12%
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Sản phẩmVùng 1Vùng 2
RON 95-V30.58031.190
RON 95-III29.98030.570
E5 RON 92-II28.95029.520
DO 0.05S26.65027.180
DO 0,001S-V27.45027.990
Dầu hỏa 2-K25.16025.660
ↂ Giá dầu thô thế giới
WTI$113.38+1.951.72%
Brent$112.56+2.52.22%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.955,0023.265,00
EUR23.783,5625.115,95
GBP28.150,0329.351,12
JPY173,94184,14
KRW15,7819,22
Cập nhật lúc 14:10:01 18/05/2022
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