Read more
4:51 PM · 17 May 2021

MicroStrategy stock tumbles 9% on crypto jitters

-
-
Open account Download free app
-
-
Open account Download free app

MicroStrategy (MSTR.US) and other Bitcoin-exposed stocks like Coinbase (COIN.US) fell sharply today after the most popular cryptocurrency plunged to its lowest level since February following Elon Musk comments. Tesla CEO suggested his company might have sold its Bitcoin holdings over the weekend. Even the fact that Musk later clarified that Tesla has not sold any bitcoin did not help the aforementioned stocks. 

MicroStrategy (MSTR.US) shares plunged today due to high correlation with Bitcoin price. The business analytics company holds roughly $5 billion worth of bitcoin. Stock launched today's session lower and if the current sentiment prevails, downward move may be extended to the support at $373.43 which coincides with lower limit of the triangle formation. Source: xStation5

Shares of Coinbase (COIN.US), the largest U.S. cryptocurrency exchange, also fell more than 5.0% and reached all-time low at $238.73.Source: xStation5

11 March 2026, 4:40 PM

Rheinmetall earnings: Formidable growth, but the market expected more

11 March 2026, 3:43 PM

From Dependence to Control. Meta’s Development of Proprietary AI Chips

11 March 2026, 3:17 PM

Mixed sentiments on Wall Street amid Iran war🗽Oracle shares surge 10%

11 March 2026, 12:38 PM

Nebius shares surge 10% amid Nvidia $2 bln investment 📈

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits