Why MicroStrategy Stock Plunged 15.1% Today

Shares of MicroStrategy (NASDAQ: MSTR) plunged as much as 15.1% in trading on Monday as the value of Bitcoin (CRYPTO: BTC) plummeted. The big moves for MicroStrategy have been caused by Bitcoin because of the company's high exposure to the cryptocurrency. MicroStrategy had 114,042 bitcoin worth $2.406 billion on its balance sheet as of Sept. 30, 2021, with plans to buy even more.