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Why is MicroStrategy nowhere close to its all-time high, unlike bitcoin?

Bitcoin hit an all-time high above $100K on Wednesday, yet MicroStrategy fell 4.8% the following day and closed 28% below its all-time high.

Bitcoin has hit $100,000 and is the world’s 7th largest asset

Bitcoin reached $100,000 and has a market cap of over $2 trillion, putting it ahead of silver, tech giant Meta, and Elon Musk’s Tesla.

MicroStrategy’s average bitcoin acquisition price has nearly doubled this year and is currently $58,263 per bitcoin.

MicroStrategy’s CEO sped through 44 bitcoin-shilling slides in three minutes while promising $5 trillion market caps and virtually zero risk.

Today is the snapshot date for MicroStrategy to qualify for the NASDAQ 100 (QQQ) index. Next, MSTR must pass an annual committee review.