MicroStrategy's stock price has fallen nearly 39% from its peak, Peter Schiff says it is unable to buy enough BTC to sustain a price increase

Odaily Planet Daily News Since adopting a Bitcoin strategy in 2020, MicroStrategy currently holds 446,400 BTC, worth approximately $4.213 billion. Although its crypto asset portfolio has performed well, MicroStrategy's stock price has declined. On November 20, 2024 (40 days ago), MSTR reached an all-time high of $494.73, and is now reported at $302.96, down 38.8% from the peak. In the past five days, MSTR has dropped 15.43%, and is down 20.34% this month. After Saylor announced the purchase of 2,138 BTC for $209 million yesterday, gold supporter Peter Schiff pointed out: "You once again announced a small purchase at an average price higher than the current price. You are no longer buying enough BTC to sustain a price increase."