MicroStrategy was the biggest loser amongst crypto-related stocks Monday following Bitcoin's deep plunge into the lowest levels since December 2020.As a software company that has rapidly increased its exposure to Bitcoin investing, MicroStrategy's valuation has been beaten by a double-whammy from tightening Fed policies and crypto-sector headwinds this year.Misunderstanding from the media about where MicroStrategy currently stands on its loan covenant is also adding unnecessary pressure on the stock's performance.
