Saylor crypto imitators are now under pressure as doubts grow about their business model

Enthusiasm for Michael Saylor’s Strategy (MSTR)—and some of its numerous imitators—has been fading with the stocks for some of those companies tumbling over the last month.Strategy’s stock has fallen roughly 4% in that time, underperforming Bitcoin, which is up 3% over the last 30 days.

Sep 20, 2025 - 17:00
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Saylor crypto imitators are now under pressure as doubts grow about their business model
Enthusiasm for Michael Saylor’s Strategy (MSTR)—and some of its numerous imitators—has been fading with the stocks for some of those companies tumbling over the last month.Strategy’s stock has fallen roughly 4% in that time, underperforming Bitcoin, which is up 3% over the last 30 days.

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