MicroStrategy's recent announcement that it neither sold any shares of class A common stock nor purchased any bitcoin between January 27 and February 2, 2025, has raised concerns among investors. The company's ongoing at-the-market equity offering program and the pricing of 7.3 million shares of 8% Series A Perpetual Strike Preferred Stock at $80 per share, expected to close on February 5, 2025, have not alleviated these concerns. The lack of recent bitcoin purchases, despite the company's significant investment in the cryptocurrency, has contributed to a negative market reaction. This sentiment is reflected in the underlying stock's decline, as investors question the company's bitcoin strategy.
The Tidal Trust II YieldMax MSTR Option Income Strategy ETF (MSTY) experienced a notable drop, falling 6.44% to $25.12 at 8:40 AM on Monday, February 3.