9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
Analytical software provider MicroStrategy’s “paper” loss from holding bitcoin has exceeded $1 billion, according to Bitcoin Treasures data. The company holds 129,218 BTC in its reserves. The average
Analytical software provider MicroStrategy’s “paper” loss from holding bitcoin has exceeded $1 billion, according to Bitcoin Treasures data.
The company holds 129,218 BTC in its reserves. The average purchase price of 1 BTC is ~$30,700.
At the time of writing, MicroStrategy is estimated to be worth $2.9 billion. For comparison: At the beginning of June, the figure exceeded $4 billion.
On June 13, the bitcoin price dropped below $23,000. At the time of writing, quotes are up close to $23,200. The last day’s drop was 18%, according to CoinGecko.
The opening of the trading session for MicroStrategy shares began with a 25.24% drop. Currently, MSTR prices are trading at $155 (-23.78%). Since the beginning of the year, securities have fallen by 72%.
Recall that in May, MicroStrategy president Michael Saylor announced that the company has no plans to sell bitcoin. He promised to continue to buy the first cryptocurrency within the same month.
In June, the head of MicroStrategy described digital gold as “the most reliable thing in an unstable world.”
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
