MSTR shares down 30% since Michael Saylor appeared on Forbes cover
Odaily News Strategy (MSTR) shares have fallen 30% since executive chairman and former CEO Michael Saylor appeared on the cover of Forbes, from $340.09 on January 30 to $238.25 on March 10, including a 17% drop on March 10.
On March 10, the Nasdaq Composite Index fell more than 4%, and the market panicked due to expectations of economic recession and trade war concerns, and the CNN Fear and Greed Index fell to 16 points of "extreme panic". Despite the pressure on stock prices, Strategy still adheres to its Bitcoin investment strategy and announced plans to raise an additional $21 billion to purchase BTC and replenish liquidity. So far, the company's BTC investment is still profitable by 18.9%.
The strategy has sparked controversy in the crypto industry, with some calling it a "genius move" and others warning it could become a "time bomb" or "Ponzi scheme." (Cointelegraph)
