MicroStrategy (MSTR) stock fell to a new 2025 low of $155.32 on December 29th. This decline occurred amid a broader tech sell-off and specific company concerns. Analysts primarily attribute the drop to the ongoing dilution of shares used to fund Bitcoin acquisitions.
The company recently purchased 1,229 BTC, funding this acquisition entirely through the sale of its stock.
Adding to investor concerns is the growing risk of MSTR being delisted from MSCI indexes. JPMorgan analysts estimate this move could trigger an $8 billion outflow.
MSTR is currently the worst-performing Nasdaq-100 stock in 2025 due to the sharp downturn. Despite this performance, many Wall Street analysts maintain a bullish long-term outlook, citing price targets that suggest significant upside.