MicroStrategy (NASDAQ: MSTR) has been the great beneficiary of the other 2024 boom – the one in the cryptocurrency market. The company’s strategic investment in Bitcoin (BTC), paired with BTC’s own stellar performance, has led to a share price skyrocketing of 384.87% in the year-to-date (YTD) chart and a press time price of $332.23.
MSTR stock YTD price chart. Source: Google
However, on December 24, 2024, MicroStrategy stock is facing an increasing danger of an imminent plummet, with at least one cause being by the firm’s own design.
Specifically, a recent Schedule 14A document filed with the Securities and Exchange Commission (SEC) revealed that Michel Saylor is hoping, with stakeholder approval, to increase the number of MSTR shares by approximately 11 billion.
Could MicroStrategy’s latest BTC-buying scheme lead to MSTR stock price collapse?
Thus far, MicroStrategy’s various capital-raising drives – all done with the aim of increasing the funds available fo
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