Shares of MicroStrategy Inc. slumped Tuesday, as the business-analytics software company and bitcoin play’s plan to offer convertible debt gave investors a reason to take a breather following the stock’s recent sprint to a 24-year high.
Also weighing on MicroStrategy’s stock MSTR, bitcoin dropped 1.5%, after rallying into record territory earlier in the session. That followed a 34% run-up in bitcoin BTCUSD over the previous six sessions.
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