MicroStrategy Stock Tumbles from 1800 to 1300 Amid CEO's Sell-Off

MicroStrategy Incorporated ($MSTR) experienced a significant drop in its stock price, falling from 1800 to 1300, a decline of over 16% in a single day. The decline was attributed to the company's CEO, Michael Saylor, conducting mass selling of $MSTR shares. This move comes amid Saylor's previous promotions of the stock in relation to Bitcoin investments, leading to a premium to NAV (Net Asset Value) that is twice the average. Additionally, Super Micro Computer, Inc. ($SMCI) also saw a drastic fall, losing over 30% in one session. The market's reaction to these developments has raised questions about the future trajectory of $MSTR's stock value.