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Why is MicroStrategy nowhere close to its all-time high, unlike bitcoin?

Bitcoin hit an all-time high above $100K on Wednesday, yet MicroStrategy fell 4.8% the following day and closed 28% below its all-time high.

MicroStrategy’s average bitcoin purchase price exceeds $58,000

MicroStrategy’s average bitcoin acquisition price has nearly doubled this year and is currently $58,263 per bitcoin.

MicroStrategy’s CEO sped through 44 bitcoin-shilling slides in three minutes while promising $5 trillion market caps and virtually zero risk.

Today is the snapshot date for MicroStrategy to qualify for the NASDAQ 100 (QQQ) index. Next, MSTR must pass an annual committee review.

Some people believe MicroStrategy’s bitcoin can’t be liquidated… but there’s no free lunch on Wall Street.