MicroStrategy (MSTR) shares fell 41% over the last 30 days. The stock is currently testing the $100 psychological threshold near its yearly low. This decline significantly outpaces Bitcoin’s 25% drop during the same period.
The downturn follows a rapid contraction in the stock's premium to its Bitcoin net asset value. A recent at-the-market share offering raised $181 million but placed additional pressure on the share price.
The stock’s outlook remains tied to Bitcoin holding the $60,000 support level. A failure to maintain that level could trigger further selling toward $70.
On June 10, MicroStrategy filed an 8-K report detailing its annual shareholder meeting results. Stockholders approved routine items and a shift to semi-monthly dividend payments for preferred stock.