For every $100 Bitcoin falls it only takes $1.14 off the value of MicroStrategy’s stock, but for every $1,000 it can impact the shares by $11.45 and if Bitcoin were to fall $10,000 it can wipe out $114 of value from MicroStrategy’s stock. And keep in mind that it has fallen from a high of $68,790 on November 10 last year.
As can be seen in the chart below from StockCharts.com, MicroStrategy’s stock price mirrors Bitcoin’s price movement.One can calculate how much Bitcoin’s value is embedded in the company’s stock price by taking the number of Bitcoin’s times its price minus the debt associated with it. While this is a moving number since Bitcoin is traded 24 hours per day, as of the close of the stock market on Friday, May 13,MicroStrategy’s stock closed at $204.57.
Just tell us you so desperately want to ɓe the bitcoin whales so you don't want us to buy dip!!! Try another strategy pls....
Endorse
Bitcoin cryptocurrency ... Realistic dollar alternatives / replacements - - or just more money takers? (not that a fiat-dollar, CBDC - or even gold - is *worth valuing*!)
Every article from Forbes is propaganda and lies.
Fud 😂
Bottom is in.
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