MicroStrategy Inc (NASDAQ:MSTR) is riding the Bitcoin (CRYPTO: BTC) rollercoaster like no other, but the thrill seems to have hit a steep drop. Once the darling of crypto-linked assets in 2024, boasting a jaw-dropping 342% year-to-date gain,

MicroStrategy's gain is almost double that of Nvidia (NVDA), the chipmaker whose production of integrated circuits needed for AI applications fueled a 185% return, the best among the so-called magnificent seven tech stocks. The next best, Meta Platforms (META), turned in 71%.

MicroStrategy shares plunged more than 8% following the recent $209 million purchase of Bitcoin. Investors worry that the company will take on too much debt for these purchases. The Bitcoin purchase happened just an hour before the Nasdaq opened at 2:30 pm UTC.