News Formal

MicroStrategy's Stock Plunges 20% Daily as Company's BTC Position Down $1B

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The recent declines in both crypto and stock markets have harmed MicroStrategy and its share prices.

MicroStrategy, the largest corporate BTC holder, is once again in the red on its massive bitcoin position. Moreover, the company’s stocks have gone on a freefall today, with a double-digit price slump leading to a multi-year low.What started in the summer of 2020 – after the COVID-19 pandemic had broken out – became a crypto-world phenomenon.

Following the latest reported purchase earlier this year, MicroStrategy’s BTC holdings are now 129,218 BTC. The company accumulated them at an average price of approximately $30,700. However, this means that the Michael Saylor-spearheaded organization now sits in an unrealized loss since BTC plummeted in the past few days andSimple math shows that MicroStrategy spent just under $4 billion to acquire all its bitcoin holdings. With BTC currently trading at $23,300, this means that the company’s position is now worth around $3 billion, representing a total unrealized loss of a whopping one billion.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 568. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Stocks making the biggest moves premarket: Coinbase, DocuSign, Microstrategy and moreHere are the stocks making headlines before the opening bell on Monday, June 13.
Källa: CNBC - 🏆 12. / 72 Läs mer »