Michael Saylor’s MicroStrategy (MSTR) has faced an 8% drop in its share price following the announcement of its latest $209 million Bitcoin acquisition. The company’s aggressive Bitcoin buying spree is raising concerns among market observers about its leveraged financial strategy. Market Reaction to Bitcoin Acquisition MicroStrategy revealed the purchase just before the Nasdaq trading day …
Continue reading "MicroStrategy Faces Share Drop Amid Aggressive Bitcoin Strategy"
The post MicroStrategy Faces Share Drop Amid Aggressive Bitcoin Strategy appeared first on Cryptoknowmics-Crypto News and Media Platform.