Michael Saylor Flags Sharp Market Selloff as Nasdaq Crashes 5.5%

Michael Saylor compared a sharp equity sell-off and bitcoin’s retreat with Strategy’s preferred stock trading near par. His assessment followed the company’s shift to daily dividends and the shares’ return to their $100 benchmark. Michael Saylor, founder and executive chairman of Strategy Inc. (Nasdaq: MSTR), compared equity and bitcoin losses with the company’s STRC preferred stock on Nov. 5. In his market comparison on X , he stated: The Nasdaq Composite finished at 24,315, down 1,421.52 points, or 5.52%, from its previous close of 25,736.52. Sigma denotes standard deviation, a measure of market volatility that describes how widely daily returns vary around their average. A four-sigma decline describes a daily return four standard deviations below its historical average.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoin.com News.