How Low Can the MSTR Stock Price Get?
The MSTR stock price continued its freefall today, November 20, reaching a low of $174, its lowest level since October 7. Strategy shares have now plunged by over 60% from their highest level this year, with their mNAV metric falling to 0.890.
The ongoing Strategy crash has cost investors billions of dollars as its market capitalization has dropped from the all-time high of $130 billion in July to $49 billion today. The value of its Bitcoin holdings has moved from over $80 billion to $57 billion today.
MSTR is plunging because of the ongoing crypto market crash. The Bitcoin price dropped from its all-time high of $126,300 to $86,442. If the trend continues, the company’s Bitcoin purchases could go…
