MSTR stock in death cross, enterprise mNAV turns negative
MSTR stock price rose by over 1% on Boxing Day as Bitcoin and other cryptocurrencies staged a cautious rebound.
Summary
- MicroStrategy’s shares jumped to $160, higher than this month’s low of $157. Still, the stock may be at risk of further downside.
- One reason for the loss of its premium is the ongoing Bitcoin (BTC) crash that has moved it from the year-to-date high of $126,200 to the current $88,800.
- Strategy’s stock price will likely continue to fall as sellers target the psychological threshold of $100.
MicroStrategy’s shares jumped to $160, higher than this month’s low of $157. Still, the stock may be at risk of further downside as the company’s…
