10 Crucial Numbers to Know as MicroStrategy Nurses $900 MILLION Paper Loss on Its Bitcoin | CoinMarketCap

  • 📰 CoinMarketCap
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

MicroStrategy's now nursing a $900 million paper loss on its Bitcoin investment 💸 Here are 10 crucial numbers to remember as the bear market worsens 📉

After a miserable Monday for Bitcoin, all eyes are on MicroStrategy and Michael Saylor, its bullish CEO.But with the world's biggest cryptocurrency falling by 17% on Monday alone — and now trading at a 65% discount to all-time highs set back in November — Saylor's strategy of hodling for dear life could be put to the test.That's how much Bitcoin that MicroStrategy has accrued since the company started investing in August 2020.

The total amount of money that the business intelligence firm has spent building up its crypto warchest.in the space of a few weeks.back in November 2021… with billions of dollars in paper profits disappearing over the past eight months.on the day as investors digested what was happening. How much MSTR's stock has plunged over the past 12 months — indicating that the company's performance on Wall Street is heavily dictated by Bitcoin's direction of travel.

The impairment expenses associated with MicroStrategy's Bitcoin investment in the first quarter of 2022 — that'sThe average price that MicroStrategy has paid for each of its Bitcoin — meaning the company is currently nursing aThe value of a Bitcoin-collateralized loan that was taken out with Silverbank Bank back in March.

If Bitcoin's price falls below this figure, MicroStrategy will face a margin call on this loan — and the company would need to add even more BTC as collateral.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why is your site down ?

That's a lot 🙂

You should celebrate in the descending market ...

DAJJAL

Oh so sad 😈

Lovely_finance V3Swap

OTRO IDIOTA CON DINERO QUE NO SABE DONDE PONERLO !!!

🤔

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 290. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

In this together: Musk and Saylor down a combined $1.5B on Bitcoin buysA deep-dive into the bleeding Bitcoin buys of Microstrategy and Tesla ahead of earnings reports in July. Tesla MicroStrategy Still better than LUNA buyers. Tesla MicroStrategy Ouch Tesla MicroStrategy Make sure you report when they buy again and when Bitcoin is back into profit. Report their gains as well
Source: Cointelegraph - 🏆 562. / 51 Read more »

MicroStrategy's Stock Plunges 20% Daily as Company's BTC Position Down $1BThe recent declines in both crypto and stock markets have harmed MicroStrategy and its share prices.
Source: Crypto_Potato - 🏆 568. / 51 Read more »