MicroStrategy Stock Declines In Pre-Market As Bitcoin Tumbles After President Trump Makes No Mention Of Cryptocurrency: Retail Remains Neutral

Shares of MicroStrategy Inc. (MSTR) fell nearly 1% in pre-market trading on Tuesday after Bitcoin (BTC) prices tumbled from highs of $109,114.88 to as low as $100,103.96 on Monday.

President Donald Trump was expected to mention Bitcoin during his inauguration speech on Monday. However, that did not come to fruition, leading to Bitcoin price tumbling from its fresh all-time high.

Trump did not bring up cryptocurrency or other digital assets during his speech, even though he endorsed them in the run-up to the presidential election.

The crypto community also rallied to support Trump over his favorable stance towards digital assets.

However, some of the momentum in cryptocurrencies and crypto-linked stocks fizzled out post-inauguration.

MicroStrategy also purchased 11,000 BTC worth $1.1 billion, at an average price of $101,291. This takes the company's total Bitcoin holdings to 461,000.

Retail sentiment on Stocktwits remained in the ‘neutral’ (51/100) zone, while message volume edged up as traders engaged in discussions about the MicroStrategy stock.

MSTR sentiment and message volume January 21, 2025, as of 7:30 am ET | Source: Stocktwits

Some traders remained optimistic about Trump passing an executive order on cryptos as he begins his presidency.

However, one user pointed out that legislation will be a better solution for cryptocurrencies, than just an executive order.

MicroStrategy’s share price has surged nearly 28% in the past five sessions, leading up to Trump’s inauguration. Year-to-date, the stock has gained over 32%.

Bitcoin prices, on the other hand, have surged over 11% year-to-date.

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