Shares in MicroStrateg are down more than 50 per cent from their all-time high

U.S. publicly traded business software company MicroStrategy has won plaudits in recent months for its Bitcoin-centric approach to money management. But the company's share price has fallen sharply since peaking in early February. MSTR closed at an all-time high of $1,315 on Feb. 9 at $1,272.94, according to Nasdaq data.

Shares of MSTR closed at $645.66 on March 4. That is down 50.9 percent from the trading high on Feb. 9 and 49.2 percent from that day's close.

The figure below illustrates the high drop in MSTR:

MicroStrategy raised about $1.02 billion in a corresponding debt offering in February to buy bitcoin, according to a previous report by Rhythm. MicroStrategy disclosed its latest purchase, worth $15 million in bitcoin, on March 1.

According to its public data, MicroStrategy's total bitcoin holdings are 90,859 BTC.

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