Two of 10 Worst-Performing Stocks Fall to All-Time Lows on Tuesday

7. MicroStrategy Incorporated (NASDAQ:MSTR)

MicroStrategy Incorporated, doing business as Strategy, declined for a third day on Tuesday, losing 11.41 percent to close at $250.51 apiece as investors sold off positions in cryptocurrency stocks amid Bitcoin’s drop to a three-month low.

The cryptocurrency, which was trading at all-time highs following President Donald Trump’s support of the industry, lost as much as 19 percent to just around the $88,000 level as of this writing, from the $109,000 record on January 20 when Trump returned to the White House, as investor caution appears to have taken center stage amid uncertainties from government policies under his administration.

Last month, MSTR bought another $1.1 billion of Bitcoin, its largest purchase so far, bringing its total ownership to 461,000. The latest purchase was funded through the issuance and sale of shares.