MicroStrategy's stock price fell below $300 in after-hours trading, down 46% from its peak in November.

BlockBeats news, on December 31st, according to TheBlock, MicroStrategy’s stock price fell to $293.5 in after-hours trading on Monday, a 46% fall from its historical high in November. Nick Ruck, Director of LVRG Research, pointed out that investors may have started to consider the risk of MSTR being too high, considering the increased debt and equity used by MSTR to purchase BTC. On December 24th, MicroStrategy submitted a special meeting voting proposal to shareholders, planning to significantly expand the size of its share capital. According to the proposal, the authorized number of Class A common shares of the company will be split and increased from 330 million shares to 10.33 billion shares, with a par value of $0.001 per share; at the same time, the authorized number of preferred shares will be increased from 5 million shares to 1.005 billion shares, to support its $42 billion financing strategy. As reported by BlockBeats yesterday, MicroStrategy currently holds 446,400 BTC, with a total purchase cost of approximately $27.9 billion and an average purchase price of approximately $62,428. On December 27, 2023, MicroStrategy held 189,150 BTC, with a total expenditure of $5.9 billion and an average price of $31,168 per BTC. MicroStrategy has accumulated a total expenditure of $22 billion this year to increase its holdings of 257,250 BTC.