MicroStrategy's shares experienced a notable decline on December 26, 2024, as the broader cryptocurrency market faced downward pressure. Bitcoin's drop below $96,000, coupled with a 12% decline from its December highs, has significantly impacted crypto-linked stocks, including MicroStrategy. The company's recent announcement of a $561 million Bitcoin purchase, while simultaneously planning to issue more shares, has introduced uncertainty among investors. Additionally, the impending expiration of $43 billion in Bitcoin and Ether derivatives on Friday is expected to contribute to short-term market volatility, further influencing sentiment around MicroStrategy.
The ETF Opportunities Trust T-Rex 2X Inverse MSTR Daily Target ETF (MSTZ) rose to $20.07, marking a 5.65% increase as of 12:16 PM ET on December 26th.