MSTR is trading 4.1% down at $93.40 following a slide in cryptocurrency prices and renewed attention on the company's Bitcoin valuation framework.
- Bitcoin has dropped 3.21% since the last close and Ethereum is down 3.08%, a move that has placed consistent downward pressure on crypto-linked equities.
- The stock is facing additional headwinds from a recent report highlighting increased scrutiny of its mNAV metric and overall valuation relative to its digital asset holdings.