MicroStrategy's recent announcement that it did not engage in any bitcoin transactions between January 27 and February 2, 2025, has raised concerns among investors, contributing to a decline in its stock price. The company's decision to hold off on bitcoin purchases comes amid its ongoing at-the-market equity offering program and a new offering of 8% Series A Perpetual Strike Preferred Stock. The market's reaction suggests unease over MicroStrategy's bitcoin strategy, especially given its substantial investment in the cryptocurrency, which remains a focal point for the company's financial strategy.
The Defiance Daily Target 1.75x Long MSTR ETF (MSTX) experienced a significant drop, falling 14.72% to $37.02 at 8:40 AM on Monday, February 3.