MicroStrategy founder Michael Saylor lost voting control over the company after selling a significant amount of shares. This means that MicroStrategy will no longer be considered a “controlled company” on the Nasdaq. Despite this, MicroStrategy continues to acquire Bitcoin and has even increased its plans from $1.75 billion to $2.6 billion.
This has led to a bullish sentiment for the MSTR stock price, which closed at $473.83, up nearly 10% on November 20.