MicroStrategy's share price has seen a significant decline of 45% since its peak in November, dropping from $543 to $300. The firm, which famously invested billions in Bitcoin, including a recent purchase of $200 million, has recently made smaller purchases of the cryptocurrency since November 25, when it acquired $5.4 billion worth. Despite owning 446,400 Bitcoin valued at $43 billion, the company's stock has been pressured by investors adjusting their expectations. MicroStrategy's stock has been trading at a premium of 1.6 times its Bitcoin holdings, prompting concerns about the sustainability of its valuation relative to Bitcoin. Analysts have noted a shift in investor sentiment, with some citing that the inflated stock price in relation to its Bitcoin holdings is no longer supported. MicroStrategy's recent inclusion in the Nasdaq-100 index was initially seen as positive, but the company's stock price continued to fall alongside Bitcoin's decrease of 10%.

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