MicroStrategy stock has fallen so far that the company's market value is now below the value of the Bitcoin it holds. With about 351.6 million shares near $104, the firm is worth around $36.5 billion, while its 847,363 Bitcoin are worth roughly $54.4 billion at current prices. The company paid about $64.1 billion for that Bitcoin, leaving it underwater by close to $10 billion. The discount exists because the stock's premium-to-Bitcoin loop has reversed, and institutional money flow remains negative as large buyers wait for Bitcoin to stabilize. Short-term traders are defending a double bottom near $104, but a break below that level could open a slide toward $97.13.
MicroStrategy IncorporatedMarket cap now below Bitcoin holdings value, stock at risk of further decline.
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