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Why MicroStrategy Stock Plummeted Today

The Motley Fool
Summary
Nutrition label

61% Informative

Strategy (NASDAQ: MSTR), formerly known as MicroStrategy , fell on Thursday .

The company's stock lost 8.8% as of market close and was down as much as 12.7% earlier in the day .

Strategy transitioned from a business intelligence company to a Bitcoin accumulation company.

The new strategy has led the company to take on significant debt in order to build its Bitcoin reserve.

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