MicroStrategy’s Stock Plummets 16% – Is Its Bitcoin Bet About to Backfire?

The post MicroStrategy’s Stock Plummets 16% – Is Its Bitcoin Bet About to Backfire? appeared first on Coinpedia Fintech News MicroStrategy, a data-focused company, just saw its stock drop by 16%, falling to $397.28. The shocking decline comes after Citron Research, a major investment firm, revealed it had placed a short bet against the company. Investors are now questioning if MicroStrategy’s risky Bitcoin strategy could be its downfall. Bitcoin’s Surge vs. MicroStrategy’s Valuation Although Citron …