MSTR Stock under pressure following Pre-14 A filing
2024-12-28
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MicroStrategy, the leading Bitcoin company, has filed Form Pre-14 A with the Securities and Exchange Commission of the United States. According to the information, a Pre 14 A is a filing in which a company files with the SEC when the votes of shareholders are required over an issue rather than an acquisition or merger. 
The MSTR’s filing outlines its aims of amending the company’s certificate of incorporation by increasing the number of Class A common shares from 330 million to 10.33 billion.
It is worth noting that the announcement by MicroStrategy has created a bad sentiment among investors, finance experts, and traders, following the filing a decline in the trading prices has also been observed. As of writing, it was trading at $330 with an intraday decline of 3.24 percent.MSTR stock price overview
Since the beginning of this year, the stock of MicroStrategy has shown tremendous growth reaching new heights, in the year-to-date time frame it grew 381.61 percent. Source: TradingView 
The surge in trading prices has been criticized by many known analysts and experts including Peter Schiff and others. However, a growth in negative sentiment of traders has been observed, in the 30-day time frame MSTR’s prices have seen a decline of 14.83 percent. 
When writing, the market capitalization of MicroStrategy was $80.80 which grew 665 percent compared to the market cap in the previous. By the end of 2023, the recorded market capitalization of the company was $10.55 billion which was 546.39 percent bigger than the cap in 2022. 
MSTR stock has seen major fluctuations in the past few months but in this time period, the company continued to buy more and more Bitcoin as its in-house investment strategy. 
In terms of Bitcoin holding, MicroStrategy stands in the fifth position among the publicly traded companies, as per available information Coinbase tops the list with 2256287 Bitcoin in balance followed by Satoshi’s wallet which reportedly holds 968,452 BTC, Binance holds 636, 206 Bitcoins and MicroStrategy 444,626 BTC’s. 
In the vast market, MicroStrategy has been regarded as one of the major players that helped drive the global adoption of Bitcoin.Crypto Market Price Updates 
Until publishing the market capitalization of the wider cryptocurrency market was $3.29 trillion with an intraday decline of 1.79 percent at the same time the trading volume saw an addition of 1.82 percent reaching $123.53 billion. 
In the past 24 hours, the price of Bitcoin saw a decline of 1.53 percent reaching below the mark of $95k, trading at $94,389 with a market capitalization of $1.86 trillion. 
The lowest recorded trading price of Bitcoin in the 30 days was $91,989 and the highest price was $108,268. The sudden shift in the momentum of BTC prices, adoption, and trading has been primarily backed by the recent historical victory of Donald Trump. 
With Trump’s joining the wider digital asset market has been expecting some major changes in rules and regulations concerning the industry, with the appointment of new officials for the post of head of enforcement agencies, regulatory commission, and others.