MicroStrategy stock dropped to $103, its lowest level in 23 months and down 81% from its peak, wiping out approximately $153 billion in market value. The decline comes as the company’s 847,363 Bitcoin holdings, valued at about $53 billion, remain under pressure, contributing to an estimated $11.2 billion unrealized loss. The situation matters because rising dividend obligations, which have climbed to $1.2 billion annually, and a 38% decline in cash reserves have raised concerns about financial flexibility. Analysts are now watching whether the company slows Bitcoin purchases and focuses on rebuilding liquidity.








