Michael Saylor built a reputation as Bitcoin’s loudest champion. The executive chairman of Strategy, the company formerly known as MicroStrategy, spent years repeating a simple mantra. Never sell your Bitcoin. He said it on podcasts. He posted it on social media. He wove it into earnings calls and conference keynotes. Investors hung on those words. So did short sellers. Then came three brutal quarters of losses. Strategy reported a $12.5 billion…
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