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Wajeeh Khan

Michael Saylor Isn’t Backing Down from Buying Bitcoin. Why MSTR Stock Investors Don’t Like That.

Michael Saylor MSTR Bitcoin MicroStrategy Strategy

MicroStrategy’s (MSTR) founder and executive chairman, Michael Saylor, says the software-firm-turned-crypto-proxy will buy Bitcoin (BTCUSD) “every quarter forever.” His latest remarks on CNBC came shortly after MSTR loaded up on another 1,142 BTC for about $90 million, pushing its overall hoard to more than 714,000. 

At the time of writing, MicroStrategy stock is down more than 25% versus its year-to-date high. 

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