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Title: Top Angel Investor Takes Dig at MicroStrategy as Stock Plunges 8%
U.Today – According to recent reports, a top angel investor has taken a dig at MicroStrategy, the business intelligence firm that has invested heavily in Bitcoin (BTC). This comes after the company’s stock plummeted by 8% in response to its latest financials.
MicroStrategy has been known for its aggressive investment strategy in BTC, with the company now holding over $3.2 billion worth of the cryptocurrency. However, despite the significant investment, MicroStrategy’s MSTR stock has struggled to gain traction, losing nearly 70% of its value since the beginning of this year.
In a recent interview, the top angel investor took aim at MicroStrategy, stating that they were “surprised” by the company’s inability to deliver returns on their massive BTC investment. The investor went on to say that while they respect MicroStrategy’s commitment to Bitcoin, they believe the company’s stock price is “way overvalued” and warned investors to be cautious when considering an investment.
The comments come as a surprise given the significant losses suffered by MSTR shareholders this year. Despite the recent decline in value, the investor expressed confidence that the stock would recover once the market adjusts for its current valuation.
Source: u.today
