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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Michael Saylor's MicroStrategy Plunges 23% In 5 Sessions While Bitcoin Slips Under 6%: Gary Black Quips 'Don't Say I Didn't Warn You'

Gary Black Michael Saylor MicroStrategy Bitcoin MicroStrategy Inc Amazon.com Inc. MSTR

MicroStrategy Inc. (NASDAQ:MSTR) has become the epicenter of intense market speculation following a dramatic 23.64% stock decline over the past five sessions, while Bitcoin (CRYPTO: BTC) experienced a 5.52% drop during the same period.

What Happened: Prominent investment analyst Gary Black of The Future Fund LLC raised alarm bells about MicroStrategy’s valuation, arguing that the company’s stock price “makes no sense.” Black’s analysis suggests the stock should be valued at around $105 per share—approximately 75% lower than its current trading price.

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