Michael Saylor's MicroStrategy stock crashes amid 'brutal bear market'

Company Overview - Strategy (formerly MicroStrategy) stock fell 7.66% on September 25 due to a downturn in the broader crypto market [1] - The company holds 639,835 Bitcoin valued at approximately $70 billion, making it the largest public corporate holder of Bitcoin [1] Stock Performance - Despite a nearly 95% increase in stock price over the past year, the stock has recently experienced a decline [2] - MSTR stock has dropped 14% since September 19, paralleling a 7% decrease in Bitcoin during the same timeframe [3] Bitcoin Market Context - Bitcoin reached an all-time high of $124,457.12 on August 14 but has since fallen to $109,479.99, marking its lowest point since early September [3] - The crypto market has seen $1.13 billion in positions liquidated within 24 hours, with Bitcoin experiencing $266 million in long and $7.6 million in short positions liquidated [4] Industry Insights - BlackRock's spot Bitcoin ETF, launched in January 2024, has net assets exceeding $87 billion as of September 24, positioning BlackRock as the largest issuer of a Bitcoin ETF [6] - Peter Schiff expressed skepticism about the survival of Bitcoin treasury companies, including MSTR, citing a 45% decline from its November 2024 high [6]