$BTC

#MicroStrategy ( #MSTR ) shares fell below $300 during after-hours trading on Monday, down 46% from their all-time high in November. The decline follows the company’s proposal to increase its stock shares by billions to support its $42 billion funding strategy amid concerns.

According to Google Finance data, MicroStrategy's stock closed down 8.2% on Monday at $302.96, marking the lowest closing price since Nov. 8. The stock then further fell 3% to $293.59 in extended-hours trading.

TheBlock.

The problem, in our opinion, is that buying bitcoins on credit is the biggest absurdity. The company is approaching bankruptcy.