MicroStrategy Stock Falters After Epic Runup
MicroStrategy shares traded lower Thursday, after a blistering runup for Michael Saylor's crypto-buying software company. The company has ridden a wave of crypto enthusiasm, recently issuing billions of dollars in stock and convertible bonds to fund new additions to its huge bitcoin holdings. This year's stock rally, plus the swelling share count, had pushed MicroStrategy's market value above $100 billion, according to Dow Jones Market Data.