According to Odaily Planet Daily, MicroStrategy's stock price fell 6.6% on Thursday to close at $326.46. Since hitting an intraday record high of $543 on November 21, the stock price has fallen nearly 25%.

Analysts believe that although MicroStrategy is about to join the Nasdaq 100 Index on December 23, which may attract index-related buying, its stock price may still be under pressure. Excessive premiums may cause the stock price to pull back when the premium narrows.

Although there are rumors that MicroStrategy could be included in the S&P 500 due to accounting rule changes in 2025, the chances of this happening are slim.