MicroStrategy’s Market Cap Falls Billions Below Its Bitcoin Holdings

MicroStrategy suffered a catastrophic start to December as its market cap briefly fell below the net value of its Bitcoin holdings, exposing the company to renewed concerns about leverage, liquidity, and investor confidence. Shares collapsed early Monday, dropping to $156, which pushed MicroStrategy’s valuation to $45 billion.   Wall Street Nightmare For MicroStrategy? The company currently holds 650,000 BTC worth roughly $55. 2 billion, making this drop a rare moment where Wall Street valued the business at less than its underlying assets source: https://beincrypto.com/microstrategy-december-crash-below-bitcoin-value/