Why MicroStrategy Stock Plummeted Today
From Nasdaq Corporation
April 03, 2025 04:28:00 PM:
Shares of Strategy (NASDAQ: MSTR) fell 8.8% on Thursday, exceeding major market indices’ drops. President Trump’s new tariffs impacted riskier assets like Strategy. The tariffs, including 34% on China, are met with retaliatory measures and could lead to a global trade crisis.
Transitioning to a Bitcoin accumulation company, Strategy’s new strategy relies heavily on Bitcoin’s price. The company took on significant debt to build its Bitcoin reserve. Bitcoin and other cryptocurrencies dropped over 5% after the tariffs’ announcement, raising concerns about the company’s future prospects.
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