On Wednesday, Michael Saylor's (NASDAQ: STRC) stock fell below $89.50, triggered by crypto analyst DonAlt's critique of Strategy Inc.'s (NASDAQ: MSTR) preferred stock as "the worst Ponzi" he has encountered. Those who bought the stock at $100 are currently facing a more than 10% loss. DonAlt explained the cycle: Saylor purchases Bitcoin (CRYPTO: BTC), issues STRC, reinvests in Bitcoin, leading to an increase in average buy price. As the market declines, STRC loses value, prompting Saylor to sell Bitcoin below his average to stabilize STRC, causing further Bitcoin declines. During market rebounds, Saylor issues more STRC at higher Bitcoin prices, perpetuating the cycle with an elevated cost basis each iteration. Peter Schiff highlighted the immediate fallout. STRC closed at... (remaining details can be found on Benzinga.com)