MicroStrategy Will Fail To Reach $160 As Index Risk Looms

MicroStrategy will not hit $160 in August, leaving the stock stuck near the August 14 close of $93.04 and undercutting recent optimism. The company will still be marked by its August moves after it sold 1,690 Bitcoin for $108.6 million and repurchased $109 million of STRC preferred stock while addi…