Michael Saylor’s strategy is now underwater in Bitcoin. Is the dam breaking?

Michael Saylor’s strategy is now underwater in Bitcoin. Is the dam breaking?

Michael Saylor, the outspoken Bitcoin (BTCUSD) advocate and CEO of Strategy (MSTR) (formerly known as MicroStrategy), began his aggressive accumulation strategy in 2020 when BTC was around $11,000. Undeterred by the volatility, he increased purchases through bull and bear markets, accumulating holdings even as the cryptocurrency soared to a high of more than $126,000 last…

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