Shares of MicroStrategy Inc. fell sharply on Monday, dropping over 11%, as Bitcoin dipped below $82,500. The decline followed the company’s announcement of plans to raise up to $21 billion to further increase its Bitcoin reserves.
MicroStrategy, which already holds nearly 500,000 BTC valued at approximately $40 billion, intends to issue a new class of shares called “perpetual strike preferred stock” to fund the expansion. This move comes despite the company reporting a $3 billion loss on its Bitcoin investments since November.
By 11:10 am ET, MicroStrategy’s stock price had plummeted 11.74% to $253.12, reflecting investor unease over the risks tied to its aggressive Bitcoin strategy. The market reaction underscores growing concerns about the volatility and financial impact of large-scale cryptocurrency investments.
Stay tuned to Danchima Media for more updates on this developing story.
- Manchester City Fans Set Their Sights on Premier League Glory Above All Else
For many Manchester City supporters, this season isn’t about chasing everything — it’s about securing what matters most. The Premier League represents consistency, dominance, and the true test of a champion over time. While competitions like the UEFA Champions League and FA Cup carry prestige, the growing belief is clear: focus wins titles. In a campaign where every point counts, City fans are ready to go all in — no distractions, no compromises, just the relentless pursuit of league glory. - Israel hits Hezbollah launchers ahead of ceasefire
Spread the loveThe Israel Defense Forces (IDF) reported on Thursday that it is targeting launchers, including those belonging to Hezbollah, claiming… Read more: Israel hits Hezbollah launchers ahead of ceasefire - Bhutan Sells 70% of Its Bitcoin Holdings as State Mining Activity Appears to Slow
Spread the loveBhutan has quietly reduced its Bitcoin reserves by nearly 70% over the past 18 months, raising fresh questions about… Read more: Bhutan Sells 70% of Its Bitcoin Holdings as State Mining Activity Appears to Slow - A Frantic Race for Barrels Is Gripping the Global Oil Market
Spread the loveWhile investors focused on the fragile Iranian ceasefire last week, a desperate scramble for cargoes has been playing out… Read more: A Frantic Race for Barrels Is Gripping the Global Oil Market - February inflation was unchanged but predates surge in energy prices
Spread the loveFive years into an era of stubbornly high prices, U.S. households received a reassuring inflation report Wednesday – one… Read more: February inflation was unchanged but predates surge in energy prices
