Popular stocks that give investors Bitcoin exposure have continued their slide as the leading cryptocurrency’s price plunges following the highly anticipated launch of spot crypto exchange-traded funds (ETFs) in the United States. 

The major stocks of public companies that hold Bitcoin—such as MicroStrategy, Tesla, and Coinbase—are down significantly over the past month. 

Such equities allow investors to have skin in the crypto game—without actually buying and digital assets themselves. But since Bitcoin, the largest and oldest digital coin, has taken a beating this month, so have crypto stocks. 

MicroStrategy (NASDAQ: MSTR), the largest public holder of BTC with 189,150 coins today worth $7.5 billion, is down 25% the past month, trading for $450.99 per share.

Meanwhile, electric car company Tesla’s stock (NASDAQ: TSLA) has dropped over 19%, and is priced at $207.83. Elon Musk’s tech firm owns over $386 million in BTC. 

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Author: Mathew Di Salvo

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