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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.

MicroStrategy’s average bitcoin purchase price exceeds $58,000

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

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

Although bitcoin and MicroStrategy (MSTR) are both up on the day, Michael Saylor’s firm is still roughly 30% below last week’s all-time high.

Irresponsibly Long MSTR members think that Michael Saylor will discover “genius ways” to financialize MicroStrategy’s bitcoin holdings.