MSTR fell from 400.00 USD yesterday to the 350.00 level.
MicroStrategy went from above 400.00 USD yesterday to the 350.00 level. MSTR is a Bitcoin proxy and speculative. Michael Saylor, the Chairman of MSTR, takes many risks as its leader and appears to have a lot of decision making power when it comes to the company’s corporate treasury purse strings.
MicroStrategy if pursued by retail traders as a CFD or held as a equity in a portfolio needs to be treated as a speculative asset that is highly volatile. Technically MicroStrategy has seen its value correlate to Bitcoin in a well defined manner over the past handful of years. Per current accounting MSTR holds over 386,000 Bitcoin, this per MicroStrategy’s own reporting and publication of a Form 8-K via the SEC.
Its corporate governance has essentially allowed MSTR to become a company that while listed as a data provider including business intelligence, mobile software and cloud based services for users is for all intensive purposes now ‘married’ to Bitcoin as a main driver for its value. MSTR is traded on Nasdaq and the Russell 1000. The company is based in Virginia, USA.