The article discusses the correlation between Michael Saylor's announcements of corporate bitcoin purchases and the decline in the stock price of Strategy (formerly MicroStrategy). The company has lost money on each of its last 13 bitcoin purchases, despite its average cost basis per bitcoin being below current prices. The article also highlights that Saylor's tweets are not the only way for the market to learn about the company's BTC purchases, as he often pre-announces them through various means. The market is usually aware of Strategy's intention to acquire BTC, so news of actual purchases is not new information for investment analysis.



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