MicroStrategy's stock performance is closely tied to the cryptocurrency market, particularly Bitcoin, due to its significant holdings in the digital asset. On December 20, 2024, Bitcoin's price movements have been a focal point for investors, as the cryptocurrency market experiences fluctuations. The recent decline in Bitcoin's value, as noted in various market analyses, has contributed to a cautious sentiment among investors. This sentiment is further compounded by the record withdrawals from spot Bitcoin ETFs, indicating a potential decrease in demand for Bitcoin-related investments. The CME futures premium has also signaled weaker demand, which could be influencing investor behavior towards assets like MicroStrategy that are heavily invested in Bitcoin.
The ETF Opportunities Trust T-Rex 2X Inverse MSTR Daily Target ETF (MSTZ) is currently priced at $24.77, reflecting a 0.92% decrease from the previous close.