MSTR is trading at $169.88 (-4.2%) in pre-market after announcing a $1.5 billion debt repurchase that investors fear may be partially funded by selling Bitcoin.
- The debt move has raised concerns regarding potential selling pressure on the company's significant Bitcoin holdings.
- Crypto-linked stocks are under additional pressure as Bitcoin and Ethereum have declined 1.91% and 3.35%, respectively, since the last close.
- Broader market sentiment remains soft, with lower U.S. futures and weakening risk appetite weighing on high-beta equities.