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MicroStrategy, six consecutive months of share price declines… first since Bitcoin accumulation
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- The world's largest Bitcoin-holding company MicroStrategy's share price showed a six-month consecutive decline for the first time since it announced Bitcoin accumulation.
- MicroStrategy's share price fell 59.3% over the past six months, which indicates an ongoing price adjustment.
- Morgan Stanley Capital International (MSCI) is expected to finalize on the 15th of this month whether to confirm MicroStrategy's index exclusion.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
MicroStrategy, the world's largest Bitcoin (BTC) holding company, has seen its share price decline for six consecutive months.
On the 1st (local time), according to CoinDesk, MicroStrategy's monthly share price changes recorded a decline for six consecutive months from July to December last year. This is the first time MicroStrategy's share price has fallen for six consecutive months since it announced Bitcoin accumulation in 2020.
MicroStrategy's year-on-year change in share price last year was -47.53%. CoinDesk said, "In the weak market in 2022, (MicroStrategy's share price) fell sharply and then rebounded more than 40% within a few months," and added, "The lack of a rebound in the second half of last year suggests that the decline is not a short-term sell-off but an ongoing price adjustment."
Specifically, the largest monthly decline was in November last year (-34.26%), followed by October (-16.36%), December (-14.24%), and September (-3.65%). CoinDesk said, "MicroStrategy's share price fell 59.3% over the past six months," and added, "(By contrast) Bitcoin held up relatively well over the same period."
Meanwhile, Morgan Stanley Capital International (MSCI) plans to decide on the 15th of this month whether to exclude MicroStrategy from its indices. MSCI is reported to have been discussing the potential removal with MicroStrategy since the second half of last year.
MicroStrategy is currently included in the MSCI USA and MSCI World indices. U.S. digital asset manager Bitwise recently analyzed the likelihood of MicroStrategy's removal from the MSCI index as over 75%.
