🔴 MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock is trading 3.3% down today as crypto drops and rate fears weigh on risk assets

MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock is trading 3.3% down at $92.27 as a sharp decline in Bitcoin and Ethereum pressures the high-yield, crypto-linked security.

• The selloff follows strong jobs data, which has fueled higher-for-longer interest rate concerns and weighed on the broader Nasdaq and risk assets.
• As a Bitcoin-backed instrument, the preferred stock remains highly sensitive to crypto market sentiment and broader macro volatility despite a lack of company-specific headlines.