🔴 MSTR is trading 3.3% down today as Bitcoin weakness and debt swap plans weigh on sentiment

MSTR is trading at $129.51 (-3.26%) in pre-market as a decline in Bitcoin and broader market pressure impact the BTC-heavy stock.

• The move tracks Bitcoin falling 1.11% to $67,770, maintaining a high 0.98 correlation despite Michael Saylor's recent comments regarding long-term stability and an $8K BTC floor.
• Downward momentum is further fueled by a proposed $6B debt-to-equity swap and Nasdaq futures dropping 0.80% amid broader crypto outflows.