Michael Saylor Flags Sharp Market Selloff as Nasdaq Crashes 5.5%

Michael Saylor, founder and executive chairman of Strategy Inc. (Nasdaq: MSTR), compared a sharp equity sell-off and bitcoin's retreat with his company's preferred stock trading near par. The comments followed Strategy's shift to daily dividends and the shares' return to their $100 benchmark. Saylor weighed the equity losses against STRC's closing price as markets sold off.