MicroStrategy Faces Institutional Exodus as Bitcoin Strategy Falters

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The investment thesis behind MicroStrategy, long celebrated as a corporate Bitcoin pioneer, is facing its most severe test. Monday’s trading session witnessed substantial selling pressure on the software company’s stock, which plummeted nearly 4% at its lowest point, extending a brutal multi-week downtrend. This decline coincides with a sharp correction in Bitcoin, which has retreated from its record highs to the $83,000-$86,000 range. For a firm that has staked its entire corporate strategy on the cryptocurrency, the timing could hardly be worse, raising existential questions about its foundational business model.