MicroStrategy has seen its stock fall by 45% since November 2024, descending from 543 to 300 USD. Despite amassing over 5.4 billion USD worth of Bitcoin recently, the company’s valuation perceptions have shifted.

MicroStrategy boasts a portfolio of 446,400 BTC, making it the largest corporate Bitcoin holder with holdings worth 41 billion USD. The firm’s Bitcoin-buying spree is primarily financed via convertible notes.

Investor sentiment appears to be wavering as analysts signal concerns over the sustainability of MicroStrategy’s stock price, sparking short positions. The company has been described as having an excessively HIGH valuation compared to its BTC assets.