MicroStrategy ($MSTR) shares fell 35% from the peak on November 21, equivalent to a loss of about $30 billion in market capitalization over four days. 📉 This is one of the largest declines in the company's history, triggered by a 9% drop in Bitcoin.

Retail investors were actively buying shares, but the volatility of $MSTR exceeded that of Bitcoin. The question is whether Saylor can continue to raise funds to buy BTC.

Shares of Coinbase and mining companies also fell, reflecting the overall instability of the crypto market.