American business intelligence and software firm MicroStrategy Inc has seen about 20% loss on its stock price despite its sustained Bitcoin acquisition strategy. According to market data, the MSTR stock is down by 2.46% in After Hours trading after closing Monday’s session at 8.19% to $302.96. This stock price turnout has driven many debate on the cause despite the alleged correlation it maintains with the US Dollar.
MicroStrategy Stock and the Bitcoin Levered Play
Global industry commentary platform The Kobeissi Letter provided insights into what is happening with MicroStrategy and Bitcoin. Kobeissi noted that the decoupling in MicroStrategy stock and Bitcoin started about a month ago. Within that time, Bitcoin price has inked a mild 2% growth with MSTR down by more than 20%.
While MicroStrategy is considered a levered Bitcoin play, the stock price’s divergence is to much. The Kobeissi Letter pointed out the firm’s business model which is to take on debt to buy more BTC. At the
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