MicroStrategy shares plunged 17 percent on Tuesday after posting poor results and falling bitcoin prices, before recovering slightly. As of 1:45 p.m. ET, the price was $1,086, down 15.8 percent. Shares of the company also fell as much as 16 percent at one point last month.
While top US exchange Coinbase and US cryptocurrency stocks such as miners Marathon Digital and Riot Platforms did not face such a large sell-off, shares of all three companies also fell in midday trading. Coinbase fell as little as 6%, while Marathon Digital and Riot Platforms fell 9% and 7%, respectively.
Cryptocurrency stocks generally fell, with MicroStrategy's largest decline reaching 17%.
2024-04-30 18:34:07
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