Michael Saylor’s Bitcoin Investment: $75 Million Acquisition Fuels MSTR Stock Decline

MicroStrategy (MSTR) stock experienced a drop following the announcement of Michael Saylor’s latest Bitcoin purchase. Saylor’s investment firm, MicroStrategy, acquired 705 bitcoins worth approximately $75 million between May 26 and June 1, bringing their total holdings to 580,955 bitcoins, valued at around $60 billion. This move fueled speculation about the future of Bitcoin prices, with the price of Bitcoin surging slightly despite the stock decline.