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MSTR Stock Slips Even With Bitcoin Above $81,900 – Michael Saylor’s ‘Never Sell’ Pivot Gets Wall Street Support
Shares of Michael Saylor-backed Strategy (MSTR), which typically move in line with Bitcoin (BTC), fell in early morning trade on Wednesday even as BTC’s price rose after the company said it may consider selling some of its holdings moving forward. "Our ability to sell Bitcoin either to buy U.S. dollars or sell Bitcoin to buy debt if it's accretive to Bitcoin per share is something that we would consider doing going forward,” executive chairman Michael Saylor said during the first quarter (Q1) earnings call. MSTR’s stock edged 0.35% lower in pre-market trade, while Bitcoin’s price rose 1.75% in the last 24 ... (full story)