MicroStrategy's stock price has fallen nearly 39% from its high point, Peter Schiff claims it is unable to buy enough BTC to sustain a price increase
Since adopting a Bitcoin strategy in 2020, MicroStrategy currently holds 446,400 BTC, worth approximately $42.13 billion. Despite its impressive crypto asset portfolio performance, MicroStrategy's stock price has declined. On November 20th, 2024 (40 days ago), MSTR reached a historical high of $494.73 and is now reported at $302.96, down by 38.8% from the peak value. In the past five days alone, MSTR has fallen by 15.43%, and it has dropped by 20.34% this month.
Yesterday after Saylor announced an additional purchase of 2138 BTC for a price of $209 million dollars, gold supporter Peter Schiff pointed out: "You have once again announced a small purchase at an average price higher than the current one; you are no longer buying enough BTC to keep prices rising."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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