Quick overview

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MicroStrategy, now known as Strategy, the enterprise analytics company turned aggressive Bitcoin treasury vehicle (ticker: MSTR), experienced a sharp sell-off, dropping approximately 10% to close at $185 per share, the lowest level since late 2024 and a new one-year low.

This continues a severe multi-week correction that has wiped out over 40% of the stock’s value since its early 2025 highs, aligning closely with the 8% + decline you mentioned.

Bitcoin’s Correction: BTC dropped 25–30% from its October 2025 all-time high of around $ 126,000 to the $ 90, 000 s range. Most of 2025’s gains have been erased by this’ sharp reset,’ driven by broader market anxiety and macroeconomic challenges like potential tariffs and slowing global growth. As’ Bitcoin on steroids,” MSTR declined even more.

Debt and Leverage Issues: To fund Bitcoin acquisitions, the company issues convertible debt and equity; it recently added 8,178 BTC for $835 million at a price of about $ 102,000 each. Rising yields and dilution risks have caused investors to doubt the sustainability of the more than $ 4 billion in debt maturing between 2027 and 2030. Critics have likened it to a Ponzi scheme due to its heavy reliance on capital raises, including analysts from Kobbeissi Letter.

The latest decline underscores ongoing risk aversion. After Bitcoin neared a record close to $ 126,000 in early October, the market struggled to stabilize, as shown by the Crypto Fear and Greed Index, which remained stuck in’ Extreme Fear.’ “Bitcoin has no future”: The cryptocurrency’s price has fallen nearly 30% since its peak, breaking key benchmarks and unsettling both long-term holders and ETF investors.

Traders hoping for a rebound are now facing increasing losses with the largest cryptocurrency in the world hovering around $ 89 500. Peter Schiff, a longtime critic of Bitcoin, reaffirmed his view that the cryptocurrency has fundamental flaws. Schiff posted on social media that “Bitcoin has no future,” claiming that stablecoins and tokenized gold are better options and that cryptocurrency is ineffective as a medium of exchange. Fund flows clearly indicate investor caution, especially on the US list.