The publicly-traded business intelligence firm MicroStrategy has won plaudits for its bitcoin-centric treasury approach in recent months.
But the firm’s stock price has fallen significantly since it peaked in early February. Data from Nasdaq shows that MSTR closed on February 9 at $1,272.94, having hit an all-time trading session high of $1,315.
The MSTR stock price closed at $645.66 Thursday. That represents a decline of 50.9% from the February 9 trading high and a 49.2% decline from the closing price that day.
The chart below illustrates MSTR’s decline from the high:
As previously reported, MicroStrategy added $1.02 billion in bitcoin to its treasury late last month after raising roughly that amount in a corresponding debt offering. MicroStrategy disclosed its most recent purchase on March 1, accounting for $15 million in bitcoin.
According to data collected by The Block, MicroStrategy’s total bitcoin holdings stand at 90,859 BTC — an amount worth $4.36 billion.