MicroStrategy's stock price has dropped about 45% from last month's peak, to around $300

ChainCatcher news, according to CoinDesk, after MicroStrategy announced its inclusion in the Nasdaq 100 index, its stock price has significantly dropped, currently down about 30% from the high on December 14, falling from a peak of $543 to $300, marking a decline of about 45% over five weeks. Nevertheless, in 2024, its stock price is still up over 400%, having increased approximately 20 times since it began purchasing Bitcoin in 2020. Analysts point out that this adjustment may be the result of a burst of overly optimistic sentiment, aligning with the cyclical phenomenon of price fluctuations in George Soros's "reflexivity theory." At the same time, MicroStrategy's Bitcoin strategy has attracted followers while also intensifying market concerns about its future volatility.