MicroStrategy Stock Plummets 9.68% with $51.81 Billion Trading Volume Ranking 12th in Market

On April 3, 2025, MicroStrategy (MSTR) experienced a significant decline, with its stock price dropping by 9.68%. The trading volume for the day was substantial, reaching $51.81 billion, making it the 12th highest in the market for that day.

MicroStrategy recently made headlines by acquiring an additional 22,048 bitcoins, valued at approximately $1.92 billion. This purchase brings the company's total bitcoin holdings to 528,185 BTC, further solidifying its position as one of the largest corporate holders of the cryptocurrency. The acquisition was funded through the sale of preferred stock, a strategic move aimed at leveraging the potential long-term value of bitcoin.

Despite the significant investment in bitcoin, MicroStrategy's paper profits have been eroding. This erosion is likely due to the volatility in the cryptocurrency market, which can lead to fluctuations in the value of the company's holdings. However, the company's long-term strategy remains focused on bitcoin, indicating a strong belief in its future potential.