
MicroStrategy (MSTR) Stock Hardest Hit by Bitcoin Price Slump
Business intelligence company MicroStrategy saw its stock price drop 23% after its Bitcoin holdings took a hit from the general crypto slump.
MicroStrategy CEO & Chairman.
Michael J. Saylor is an American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company which provides business intelligence, mobile software, and cloud-based services. Saylor authored the 2012 book The Mobile Wave: How Mobile Intelligence Will Change Everything. He is also the sole trustee of Saylor Academy, a provider of free online education. As of 2016, Saylor has been granted 31 patents and has 9 additional applications under review.
MicroStartegy Incorporated
Feb 4th, 1965
American
McLean, Virginia, United States
Massachusetts Institute of Technology, S.B., Aeronautics & Astronautics, History of Science - 1983-1987
MicroStrategy Incorporated - Chairman, President & CEO
Saylor Academy - Founder
The Federal Group, Inc.
DuPont - Internal consultant
Business intelligence company MicroStrategy saw its stock price drop 23% after its Bitcoin holdings took a hit from the general crypto slump.
Michael Saylor said he is not interested to make any short-term predictions and that his company won’t take any call of selling unless BTC price corrects 95%.
The company has been recording more losses as Bitcoin’s price has plummeted more than 50% from its record high.
Michael Saylor remains confident that MicroStrategy’s debt profile is in a good place despite external circumstances, and has attempted to allay investors.
The company recently spent an additional $200 million to acquire Bitcoin, sending its total holdings to 130,000 BTC.