Microstrategy Stock News Today

The shares of MicroStrategy, which has been enjoying the fruits of its Bitcoin strategy, plummeted Thursday after a short seller said the stocks value may be overinflated.

A filing this week said proceeds of selling more common stock could be used to add to the company's stash of bitcoin.

"We're in here for the long term. Bitcoin is going to outlive all of us," the crypto bull told CNN.

AMCs business fundamentals are at their best levels since the pandemic, but short sellers continue to bet against the stock.

While retail investors are focusing on the broader market, Big Short investor Michael Burry anticipates another market crash — this time of even greater proportions.

MicroStrategy CEO Michael Saylor has said he will never sell bitcoin, but he may not have a choice if bitcoin falls to its $21,000 margin call level.

CEO Michael Saylor has said he doesn't plan to ever sell MicroStrategy's stash of bitcoin. But he may not have a choice if its price keeps falling.

Bitcoin has dropped 18% over the past week, dipping below $33,000, after it was rejected at a key resistance level of $40,000.

MicroStrategy could avoid being forced to sell its bitcoin at a lower price than it bought it if the company adds more collateral to its loan.

The firm bought on Tuesday bought another $25 million of bitcoin at an average price of $37,865 per coin, bringing its total to125,051 bitcoins.