MicroStrategy is trading 4.08% down at $124.31, with pressure appearing tied to continued fallout from the Senate’s September 15 failure to advance the CLARITY Act.
- Bitcoin is down just 0.19% since the September 15 close; elevated Treasury yields and crypto risk-off sentiment add pressure.
- Coverage cites concerns over capital allocation and reduced Bitcoin purchases; Michael Saylor’s September 16 regulatory comments have not offset sector pressure.
- The Federal Reserve’s September 16 rate hike and persistent inflation concerns add another headwind to leveraged crypto exposure.