Shares of MicroStrategy (NASDAQ:MSTR) fell 2.3% due to a cryptocurrency market downturn and CEO Michael Saylor’s comments on potentially selling Bitcoin for dividends. The global crypto market cap slipped, with Bitcoin trading at $116,601. Saylor’s remark about selling Bitcoin for dividends drew criticism from short-seller Jim Chanos. MicroStrategy closed at $344.76, down 1.2%. The market considers the news meaningful but not game-changing. The Federal Reserve’s interest rate cut led to stock gains. MicroStrategy is up 15.1% since the start of the year but still below its 52-week high.

Investors are eyeing generative AI’s impact on large corporations. While Nvidia and AMD are near all-time highs, a profitable semiconductor stock benefiting from AI’s rise is preferred.

Read more at Barchart: Why MicroStrategy (MSTR) Shares Are Trading Lower Today