MicroStrategy shares fell nearly 39% from their highs, and Peter Schiff said it was unable to buy enough BTC to keep prices rising
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According to Odaily, since adopting the Bitcoin strategy in 2020, MicroStrategy currently holds 446,400 BTC, worth approximately $42.13 billion. Although its cryptocurrency asset portfolio has performed well, MicroStrategy's stock price has declined. On November 20, 2024 (40 days ago), MSTR reached a record high of $494.73, and is currently trading at $302.96, a 38.8% drop from the peak. Over the past five days, MSTR has fallen 15.43%, and this month it has declined 20.34%. Yesterday, after Saylor announced a $20.9 million purchase of 2,138 BTC, gold supporter Peter Schiff pointed out: "You've once again announced a small purchase at an average price higher than the current price. You are no longer buying enough BTC to sustain the price increase."
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