MicroStrategy is trading 4.1% down at $138.90 after Bitcoin fell 2.48% since the September 3 close, weighing on the company’s leveraged crypto exposure.
- The decline follows MicroStrategy’s 17.56% surge on September 3 after announcing a 4,603-Bitcoin purchase, encouraging profit-taking as crypto prices retreated.
- Stronger-than-expected August employment data also pressured cryptocurrencies by reducing expectations for near-term Federal Reserve easing.