MicroStrategy (MSTR) shares dropped 7.76% to close at $160.23, primarily driven by widespread risk-off sentiment stemming from geopolitical trade tensions and weakness across the cryptocurrency market.
- The decline correlated with sharp drops in major indices and key cryptocurrencies, with Bitcoin (BTC) falling 1.80% since the close.
- Market volatility was attributed to U.S.-Europe trade tensions over Greenland annexation and tariff threats, driving safe-haven flows to gold.
- The stock continued to fall in after-hours trading, dropping an additional 1.16% to $158.37.