MicroStrategy Shares Fall Another 5% as Confidence Wanes in Saylor’s Bitcoin Playbook

Despite a momentary uptick in Strategy’s stock performance this week, its shares dropped again on Tuesday, continuing its declining streak over the past months. This comes after the company bought another $118 million in Bitcoin, signaling a lack of investor confidence in the aggressive accumulation playbook founder Michael Saylor has pioneered. MSTR Slides Despite Fresh Bitcoin Purchase Strategy (formerly MicroStrategy) on Monday announced that it had acquired 1,287 Bitcoin, increasing its reserve to 673,783.   Despite the purchase coming at a time when Bitcoin’s price briefly surged following the US-Venezuela conflict, the company’s shares failed to sustain momentum source: https://beincrypto.com/microstrategy-stock-slides-after-bitcoin-buy/