Why MicroStrategy Stock Plummeted by Nearly 18% on Tuesday
MSTRMicroStrategy(MSTR) The Motley Fool·2024-05-01 07:06

There was red ink aplenty in the company's latest earnings report. MicroStrategy (MSTR -17.63%) had the misfortune to report its latest set of earnings at a time when its most important asset was on the decline. MicroStrategy is a niche tech company that has almost entirely transformed itself into basically an institutional Bitcoin (BTC -5.63%) holder. It published first-quarter results at a time when the cryptocurrency was going through several days of declines. That, compounded with generally weak fundame ...