🚨 MSTR Stock Under Pressure as Michael Saylor Faces Backlash
⚠️ MicroStrategy’s ($MSTR) stock has crashed after Michael Saylor reversed course on his mNAV dilution policy.
🔑 Key developments:
▫️ mNAV fell from 3.63x (Nov 2024) ➝ 1.6x today
▫️ Saylor backtracked on his promise not to dilute below 2.5x
▫️ Investor Josh Mandell publicly dumped shares, calling Saylor a “liar”
▫️ Ripple CTO David Schwartz also warned of risks if Bitcoin pulls back
▫️ Even Strategy employees on Glassdoor have voiced frustration, calling the environment “demoralizing”
▫️ Vanguard cut its stake in MSTR by 10% in Q2
🟠 Saylor defended the move as necessary to raise more capital for Bitcoin purchases — but the backlash highlights a growing trust deficit between leadership, investors, and employees.
❓ Question for the community:
In a company so heavily tied to Bitcoin, should leadership prioritize shareholder trust over capital raises for BTC exposure — or is the dilution justified as part of a long-term strategy?
https://coingape.com/mstr-stock-crashes-as-michael-saylor-takes-u-turn-on-mnav-policy/?utm_source=bnb&utm_medium=coingape
