Shares of MicroStrategy (MSTR) tumbled 40% from October highs as Bitcoin dropped from $104,050 to $90,903. CEO Michael Saylor vowed not to sell Bitcoin despite owing $700M in preferred stock dividends. Reddit traders are skeptical about MSTR’s sustainability without raising new capital due to recent bearish sentiment.

MicroStrategy’s stock decline mirrored Bitcoin’s fall, with technical indicators showing extreme oversold conditions. Retail traders are concerned about MSTR’s ability to pay dividends without raising new capital. A viral post on Reddit raised questions about the sustainability of MicroStrategy’s business model and reliance on new investors for payouts.

Negative sentiment has persisted towards MicroStrategy, with concerns about the company’s high dividend obligation, Bitcoin’s decline affecting valuation, and an extreme price-to-sales ratio. A Reddit post indicating capitulation among traders garnered attention, suggesting a possible bottom indicator for MSTR. Despite Bitcoin stabilizing, skepticism remains about MSTR’s financing model.

A new report is causing many Americans to realize they can retire earlier than expected by answering three simple questions. Retirement planning is not just about investments but also about distribution versus accumulation. Millions are rethinking their retirement plans based on this new approach. If you’re considering retiring, take 5 minutes to learn more.

Read more at Yahoo Finance: MSTR Shares Implodes as BTC and Investor Sentiment Both Plummet