MicroStrategy Falls 16% Despite New Bitcoin Record as Some Question Valuation

Of that valuation, MicroStrategy’s market cap yesterday and earlier on Thursday topped $100 million, or more than three times the value of the roughly 331,000 bitcoin on its balance sheet ($32.5 million at the current price near $98,000). With today’s price decline, MicroStrategy’s market cap has sunk to about $80 million.

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Cryptocurrencies: 16,278
Markets: 1,197
Marketcap: $ 3.59 T
24h Vol: $ 180.60 B
BTC Dominance: 54.36%