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Revisiting MicroStrategy's Pain Points as Bitcoin Tumbles
MicroStrategy (MSTR) Executive Chairman and famed bitcoin bull Michael Saylor told CNBC he’s not straying from his strategy of buying and holding bitcoin (BTC) despite the crypto’s plunge to new two-year lows this week. Bitcoin prices tumbled below $16,000 Thursday in the wake of beleaguered crypto exchange FTX's collapse and – following a modest bounce on Friday morning’s slow inflation report – is now hovering slightly above $17,000. While acknowledging it’s been a “roller coaster,” Saylor said that bitcoin is 33% higher than when he first began buying in 2020 and that MicroStrategy’s stock is up ... (full story)