MSTR lost $357M on its recent Bitcoin buy; Director dumped all stock.

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MicroStrategy’s latest $5.4 billion Bitcoin acquisition has sent shockwaves through its stock value, which has plummeted by over 25% in just two days. The company’s market cap has shed a staggering $357 million, raising alarms among investors about its aggressive cryptocurrency strategy.

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Adding to the turmoil, Director Leslie J. Rechan sold 40,000 shares for $12 million, while Director Stephen X. Graham offloaded 20,000 shares, netting $9 million. These insider sales are intensifying scrutiny, with many questioning whether the leadership itself is uncertain about the company’s future.

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Investors now face a critical dilemma: Will MicroStrategy’s bold Bitcoin gamble pay off, or is this a costly misstep?

Sources:

https://finance.yahoo.com/news/microstrategy-makes-record-breaking-bitcoin-084042808.html

https://www.benzinga.com/content/42172059/michael-saylors-microstrategy-buys-55-000-more-bitcoin

https://www.msn.com/en-us/money/topstocks/microstrategy-s-5-4b-buy-last-week-adds-to-its-bitcoin-hoard-stock-stumbles/ar-AA1uIlFM

https://www.fxempire.com/forecasts/article/bitcoin-price-forecast-bitocon-to-100k-michael-saylor-announces-11-4b-btc-purchase-microstrategy-november-1478870

https://finance.yahoo.com/news/microstrategy-makes-record-breaking-bitcoin-084042808.html

https://finance.yahoo.com/news/microstrategy-spends-54-billion-buying-another-55000-bitcoins-shares-slide-165131332.html