Michael Saylor Hints at Bitcoin Purchase Amidst MicroStrategy Stock Decline
Michael Saylor Hints at Bitcoin Purchase Amidst MicroStrategy Stock Decline
Michael Saylor, a prominent Bitcoin bull, has cryptically hinted at an upcoming Bitcoin purchase. This comes at a time when MicroStrategy's stock (MSTR) is under pressure on Wall Street, having dropped over 9% recently and nearly 25% in the past month, following the company's first Bitcoin sale in years. Despite the stock performance, MicroStrategy reportedly holds $900 million in its USD reserve account, suggesting potential for further crypto investments.
Bitcoin Bull Michael Saylor Hints At Next Purchase With Cryptic Post
MicroStrategy (MSTR) has about $900 million sitting in its USD reserve account, even as its stock takes a beating on Wall Street following the company’s first Bitcoin sale in years.
Stock Slides As Investors Grow Uneasy
MSTR shares dropped more than 9% on Tuesday, June 2, and are now down nearly 25% over the past month.