MicroStrategy shares are down about 45% from their peak last month.
According to CoinDesk, after MicroStrategy was included in the Nasdaq 100 index, its stock price plummeted significantly, currently down about 30% from the high on December 14, falling from a peak of $543 to $300, a decline of about 45% over five weeks. Nevertheless, its stock price is still up over 400% by 2024, and has increased about 20-fold since it started buying <CRO> in 2020. The analysis points out that this adjustment may be the result of the bursting of overly optimistic sentiment, which is consistent with George Soros' "reflexivity theory" regarding the cyclical phenomenon of price fluctuations. At the same time, MicroStrategy's <CRO> strategy has not only attracted followers, but also increased market attention to its future volatility.
