Also - I'm not sure I see the point being made - if my company had $400M lying around, I wouldn't want them to throw it all into ONE other company's stock, exactly because of the volatility.
Its a fair view to have, but Microstrategy did disclose the plan to shareholders and offered to buy them out with a premium to the market before buying. So you had the chance to get out if you didn't agree with the decision.