MicroStrategy Drops Nearly 4% In Tuesday Premarket After Trump’s Inauguration Speech Sidelines Cryptocurrency, Bitcoin Retreats Below $102K (UPDATED)

Editor’s Note: This story has been updated to include premarket price movements.

MicroStrategy Inc. (NASDAQ:MSTR) shares dropped 3.43% in Tuesday premarket, falling to $382.90 as cryptocurrency markets reacted to President Donald Trump‘s inauguration speech that notably omitted any mention of digital assets.

What Happened: The enterprise software company, which holds over $45 billion in Bitcoin (CRYPTO: BTC), had seen its stock surge 8.04% to $396.50 on Friday amid optimism about Trump’s anticipated crypto-friendly policies.

The …

Full story available on Benzinga.com