Core Viewpoint - Enthusiasm for Michael Saylor's strategy and its imitators is waning, leading to significant stock declines for several companies in the past month [1] Group 1: Company Performance - Strategy's stock has decreased approximately 4% over the past month, underperforming bitcoin, which has increased by 3% [2] - Despite recent underperformance, Strategy's stock has surged by 2,800% since it began investing in bitcoin in 2020 [2] - Metaplanet (MTPLF), a Japanese hotel management firm turned bitcoin holding company, experienced a share price drop of over 36% in the last month [3] - Kindly MD (NAKA), a healthcare data provider, saw its shares decline by 87%, while Semler Scientific (SMLR) fell nearly 12% [3] - Trump Media & Technology Group (DJT), which launched a bitcoin treasury, has seen its shares fall by 8% [4] - A vehicle created by Cantor Fitzgerald (CEP) has dropped 17% as it prepares to take public a bitcoin treasury company [4] Group 2: Market Dynamics - The influx of companies attempting to replicate Strategy's model raises concerns about the sustainability of the bitcoin treasury stock boom [5] - Analyst Gus Galá noted that an oversaturation of similar strategies could lead to diminished investor demand [5] - Factors such as a surge in crypto prices, changes in US accounting rules, and a favorable regulatory environment under the Trump administration have fueled interest in companies imitating Strategy's approach [6] - Kevin O'Leary highlighted that many investors prefer holding equities over direct bitcoin investments, despite the availability of bitcoin exchange-traded funds [7]

This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. Hotel management company Atrium Hospitality appointed several key executive leaders to expanded roles Thursday, including naming Rob Mangiarelli CEO. Mangiarelli was appointed Atrium’s CEO after serving as president at the Alpharetta, Georgia-based company for nearly three years, according to his LinkedIn profile. Prior to that, Mangiarelli served as executive vice pr ...