After being included in the Nasdaq-100, which tracks the stock price changes of the 100 largest companies listed on the Nasdaq exchange, the shares of MicroStrategy fell by 9%.

MicroStrategy was added to the Nasdaq-100 on December 23, and despite this significant event, the company's assets lost 9% in value over the last day. Compared to the historical peak reached on November 21, the company's stock price has plummeted by 45%.

The crash of MicroStrategy's stock price

The decline in the value of MicroStrategy's securities occurred after the company's CEO, Michael Saylor, announced the purchase of 5,262 bitcoins for $561 million on Monday. To raise funds for the acquisition of coins, the company had to sell shares, which is why the decline in the company's assets was attributed to investments in cryptocurrency.

Currently, MicroStrategy owns 444,262 BTC worth nearly $42 billion. Investments in digital assets have brought the organization a profit of $14.3 billion. However, the last time the institution purchased bitcoins at a price of $106,662, resulting in an unrealized loss of 11.5%, as bitcoin is currently priced at $97,300.