Shares of Michael Saylor‘s MicroStrategy Inc (NASDAQ:MSTR) declined over 5% in premarket hours on Monday after Bitcoin (CRYPTO: BTC) prices fell.
What Happened: Bitcoin, along with other cryptocurrencies tumbled after President Donald Trump‘s tariff war pounded the capital markets.
After falling on Sunday below $92,000 for the first time since Jan. 13, BTC recovered to 95,152.35, on Monday, still down 4.2%, during the publication of this article.
Bitcoin’s levered play MicroStrategy was down 5.81% to $315.35 per share, following the former’s decline.
This also followed Friday’s announcement of 8% 7.3 million preferred shares with a strike price of $80.00 apiece, with settlement expected on Feb. 5.
The company acquired an additional …
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