MicroStrategy’s High-Stakes Bitcoin Bet Faces Market Scrutiny

All eyes are on MicroStrategy as the corporate world’s largest Bitcoin holder prepares to release quarterly results. The company’s shares have retreated significantly from their peak, creating palpable tension about whether strong financial performance can reverse the downward trend.

Despite maintaining an impressive Bitcoin treasury, MicroStrategy’s stock has demonstrated notable weakness this year. With a modest 2.1 percent gain since January, the performance trails broader market indices. More concerning for investors is the stock’s current trading level—approximately 40 percent below its 52-week high of $473.83.

Market analysts point to stretched valuation metrics as the primary culprit behind this underperformance. Even when accounting for the company’s substantial Read more...