Shares in MicroStrategy fell approximately 5.9% after the company reported third-quarter earnings that slightly missed estimates. The firm disclosed $116.1 million in revenue, reflecting a 10.3% decline from Q3 2023 and 5.22% below analyst expectations. Despite achieving a 5.1% return on its Bitcoin holdings and a gross profit of $81.7 million, the stock price continued to decline, reaching $242.99 in after-hours trading. Michael Saylor, the CEO, highlighted the firm's remarkable growth since August 2020, outperforming major tech companies, but warned of potential volatility linked to Bitcoin prices after the upcoming U.S. elections. Timothy Peterson, an economist, indicated that MicroStrategy's stock could decline two to three times more sharply than Bitcoin if BTC prices fall. Conversely, should Bitcoin exceed its all-time high, MicroStrategy's stock could surge. The company has also outlined a plan to invest significantly in Bitcoin over the next three years.

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