One Of The Most Hyped Bitcoin Stocks Has Turned Into Total Disaster

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One of the most hyped, and widely traded stocks among small traders, over the past few year, making the list of top 100 most traded stocks on Robinhood almost daily, has been MicroStrategy. The company’s business model has been to borrow money to buy Bitcoin and expect the shares to go up as crypto goes up.

Crypto players thought of MSTR as a leveraged stock bet on Bitcoin, but that bet has turned into a disaster in the past few weeks as MSTR has crashed.

Now there is talk that MSTR may one day be forced to sell some of its Bitcoin, which would likely cause a lot of selling pressure on Bitcoin and it’s own shares.