MicroStrategy Stock Slumps Despite Bitcoin Gains as Former CEO Sells Shares
• MicroStrategy's Bitcoin holdings, worth $8.7 billion, exceed company's $7.7 billion market cap • Stock price down 20% in January despite Bitcoin gaining 10% • Competition from new spot Bitcoin ETFs reduces MicroStrategy's appeal • Former CEO Michael Saylor selling over $170 million in company shares • Seeking feedback on the article via a short form