MicroStrategy ($MSTR) stock fell sharply by 11.53% amid a wider tech market sell-off and significant pressure from declining cryptocurrency prices.
- The stock closed the day at $140.18.
- The decline was amplified by Bitcoin, which dropped approximately 5% to trade near $85,000, following the Federal Reserve's hawkish hold on interest rates.
- As a leveraged corporate proxy for Bitcoin, MSTR faced compounded pressure driven by macro caution and rising geopolitical tensions.