MicroStrategy's shares fell during a $525m convertible notes offering and co-founder Michael Saylor's pre-planned sales to buy more Bitcoin.

MicroStrategy shares fell amid the company's $525m convertible notes offering and pre-planned sales by co-founder Michael Saylor. The company aims to use offering proceeds to buy more Bitcoin, as their stock rallied over 120% in the last month due to rising Bitcoin prices. Institutional investors like IFP Advisors, Massmutual Trust, and Vanguard Group also bought and sold shares of MSTR during recent quarters.