Jun 10, 2026 2:28 PM

MicroStrategy is failing as a Bitcoin proxy. While Bitcoin dropped 25% this month, MSTR stock cratered by a staggering 40%. Even more concerning, the company just broke its "never sell" mantra by offloading BTC for the first time in years, and the CFO is already selling off shares. If the world’s biggest corporate holder is selling and the stock is underperforming the underlying asset, why should anyone keep holding? Is the MicroStrategy premium officially over?
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