If his boss hadn't sold the stocks like his father just died, how could it have dropped like this?
MicroStrategy Sinks After Nasdaq 100 Inclusion: Bitcoin Bet Under Fire?
Shares of MicroStrategy Inc. (NASDAQ:MSTR) fell over 8.5% following its inclusion in the Nasdaq 100, marking a challenging start. The company sold $561 million in stock to acquire 5,262 Bitcoins at an average price above current market levels, raising concerns among analysts. Critics argue that MicroStrategy's strategy may be faltering, as it has heavily invested in Bitcoin while neglecting its core software business. With nearly 40% loss in value recently, the company's future hinges on Bitcoin's price recovery as it faces scrutiny over its high-risk approach to cryptocurrency investment.
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