MicroStrategy Stock Falls as Bitcoin ETF Launches
October 21, 2021 at 11:45 AM EDT
MicroStrategy Inc (MSTR) fell 2.7% on Tuesday during the launch of the ProShares Bitcoin Strategy ETF (BITO). MicroStrategy, which made bitcoin acquisition a second mandate earlier this year, had since become a sort of bitcoin-proxy investment for investors looking for exposure to crypto. With a...
