MicroStrategy, a software firm based in Virginia, has seen its share price plummet by 45% since November. The company had heavily invested in Bitcoin throughout last year, with its holdings reaching $43 billion worth of Bitcoin. However, despite continuing to make smaller Bitcoin purchases, MicroStrategy has been unable to halt the decline in its share price. The company's reliance on debt and its status as the world's largest corporate holder of Bitcoin have attracted attention on Wall Street, with some viewing it as a risky leveraged Bitcoin bet. While MicroStrategy's share price has surged by 334% in the past year, its premium relative to Bitcoin holdings is seen as potentially unsustainable. Despite this, the company was recently added to the Nasdaq-100 index, and some analysts believe this could result in billions of dollars flowing into MicroStrategy's stock.



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