MicroStrategy Shares Dip Ahead Of Opening Bell As Bitcoin Trades Close To $58K
Portfolio Pulse from Benzinga Neuro
MicroStrategy shares fell by 3.10% in pre-market trading, reflecting Bitcoin's performance near $58,000. The company's strong association with Bitcoin has led to significant stock returns but also exposes it to cryptocurrency market volatility.
August 12, 2024 | 12:05 pm
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MicroStrategy shares fell by 3.10% in pre-market trading, reflecting Bitcoin's performance near $58,000. The company's strong association with Bitcoin has led to significant stock returns but also exposes it to cryptocurrency market volatility.
MicroStrategy's stock price is closely tied to Bitcoin's performance due to its adoption of Bitcoin as its primary reserve asset. The recent dip in Bitcoin's price has directly impacted MicroStrategy's shares, causing a 3.10% drop in pre-market trading.
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