MicroStrategy shares fell over 8% following a disclosure of a $209 million Bitcoin purchase, raising concerns about the company's leverage among market observers. The company made the purchase shortly before the Nasdaq trading day began, resulting in a 5.3% drop in share price within the first hour of trading. Although there was a slight recovery during the session, it ended at $302.96, sinking further by 3.19% in after-hours trading. To fund this acquisition, MicroStrategy sold nearly 593,000 shares. Over the past several weeks, the firm has added 194,180 BTC to its holdings, but mounting concerns about its leveraged strategy have emerged, particularly in light of plans to increase authorized shares significantly. Analysts warn that the company's heavy reliance on debt could lead to a precarious situation in the future, with potential long-term implications for stock performance. Despite the recent decline, the stock has risen over 342% since the beginning of the year, showcasing the volatility and speculative nature of its strategy.

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