Meta Platforms (META.O) fell 12%, marking its biggest drop since April 2024.
Meta Platforms (META.O) fell by 12%, marking its largest drop since April 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Bitcoin Updates: S&P Rating Cut Highlights MicroStrategy's Liquidity Challenges Tied to Bitcoin
- MicroStrategy's stock fell nearly 5% to $263, extending a 40% decline since July amid S&P's speculative-grade B- downgrade over Bitcoin-driven liquidity risks. - The company holds $74B in Bitcoin via $15B in convertible bonds, creating currency mismatch risks and potential forced sales if prices drop. - Analysts remain divided: TD Cowen targets $620 (114% upside) citing Bitcoin dominance, while others warn of overreliance on crypto amid eroding net asset value premiums. - Upcoming Q3 earnings will test A

