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

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

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Source: Coindesk.com

One of the more impressive runs higher ever seen in stocks took at least a brief breather on Thursday, with Bitcoin Development Company MicroStrategy (MSTR) sporting a double-digit percentage loss even as the price of bitcoin (BTC) surged to a new record high just shy of $100,000.

At one point lower by more than 20%, MicroStrategy closed

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The post "MicroStrategy Falls 16% Despite New Bitcoin Record as Some Question Valuation" appeared first here Coindesk.com.

Source: Coindesk.com

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