Odaily Planet Daily reports that BitcoinTreasuries.NET posted on X that Michael Saylor’s Strategy MSTR has fallen out of the top 250 U.S. companies by market capitalization, dropping to $39.92 billion, with its Bitcoin holdings suffering losses exceeding $10.8 billion.
MSTR Drops Out of Top 250 U.S. Companies as Market Cap Falls to $39.92B
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Summary
MicroStrategy (MSTR) has fallen out of the top 250 U.S. companies as its market cap declined to $39.92 billion, according to a market update from BitcoinTreasuries.NET. The drop follows a crypto market downturn that has wiped out over $10.8 billion in value from the company’s Bitcoin holdings, reflecting broader volatility in the crypto market and renewed pressure on institutional investors.
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