MicroStrategy stock was down in Tuesday morning trading after President Donald Trump’s inaugural address didn’t touch on his plans for Bitcoin. Despite promises of a “golden age” for cryptocurrency on the campaign trail and talk of a strategic Bitcoin reserve,

Shares of MicroStrategy Inc. (MSTR) fell nearly 1% in pre-market trading on Tuesday after Bitcoin (BTC) prices tumbled from highs of $109,114.88 to as low as $100,103.96 on Monday. President Donald Trump was expected to mention Bitcoin during his inauguration speech on Monday.

MicroStrategy acquired 11,000 Bitcoin for $1.1 billion in cash the week before President Donald Trump’s inauguration at an average price of $101,191 per coin.

MicroStrategy has added another $1.1 billion worth of Bitcoin to its corporate treasury according to a Tuesday SEC filing.

MicroStrategy Inc. co-founder and executive chairman Michael Saylor met the entire incoming cabinet of the incoming Donald Trump administration during the first-ever "Crypto Ball" on Friday, January 17.

"The reign of terror against crypto is over, and the beginning of innovation in America for crypto has just begun," Sacks said, speaking on Friday at the so-called crypto ball event, intended to drive support for Trump among the crypto community and demonstrate its value to the incoming administration.

We recently compiled a list of the Why These 10 Stocks Were Skyrocketing on Friday. In this article, we are going to take a look at where MicroStrategy Incorporated (NASDAQ:MSTR) stands against the other stocks that were skyrocketing on Friday.

MicroStrategy, the company chaired by the Bitcoin maximalist Michael Saylor, has acquired another 11,000 BTC tokens for a total of $1.1 billion at an average price of $101,191 per coin.

Bitcoin held above $100,000, with VET, ENA, LINK and LDO posting notable gains a day after President Donald Trump bypassed mentioning crypto or a strategic bitcoin reserve in his inauguration speech.

Crypto investors have high hopes for Donald Trump's presidency, including potential digital asset-focused executive orders that could add fuel to the rally.

Michael Salyor’s MicroStrategy announced on Tuesday that it has acquired 11,000 BTC worth $1.1 billion, and President Donald Trump pardoned Silk Road creator Ross Ulbricht. A K33 report highlights that the market awaits crypto-specific executive orders in the coming week.