Why did MSTR fall today

MicroStrategy (MSTR) experienced a 6.08% decrease in its stock price today, which can be attributed to a combination of factors:

1. **Bitcoin Volatility and Accounting Change**: MSTR's stock is closely tied to the price of Bitcoin, and recent fluctuations in Bitcoin's value have impacted the company's shares. Additionally, the adoption of new accounting standards for crypto assets has led to a significant unrealized loss in the company's digital assets. This has caused a decline in the company's stock price.
2. **Class Action Lawsuit**: The filing of a class action lawsuit against MSTR has also contributed to the decline in the stock price. The lawsuit alleges that the company's statements about its bitcoin-focused investment strategy and treasury operations were misleading.

In summary, MSTR's stock decline today can be attributed to a combination of Bitcoin volatility, accounting change and class action lawsuit.

|code|Ticker|Name|Date|Pre-Market Percentage Change|market_code|
|---|---|---|---|---|---|
|MSTR|MSTR.O|Microstrategy|20250701|-2.2017168443707873|185|

|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|MSTR|MSTR.O|Microstrategy|20250701|-6.098755658907063|185|

|code|Ticker|Name|Date|Post-Market Percentage Change|market_code|
|---|---|---|---|---|---|
|MSTR|MSTR.O|Microstrategy|20250701|6.658201102806552|185|