Michael Saylor’s MicroStrategy (MSTR) is sitting on an unrealized loss of more than $1 billion on its bitcoin (BTC) holdings as the price of the largest crypto touches $22,900 in Monday trading.
-
The CEO of the technology company began purchasing bitcoin in August 2020 at a price just under $12,000. Subsequent purchases over the following months brought the company’s holdings to 129,918 bitcoin, now valued at under $3 billion versus what’s a near-$4 billion investment.
-
Much of the funding of MSTR’s buys came via junk bond and convertible note sales.
-
Last month, MicroStrategy CEO Michael Saylor dismissed talks of a margin call, stating that a problem would only occur if bitcoin reached $3,562.
-
MicroStrategy shares are down 24.32% on Monday as it leads the sell off in crypto-related stocks.
Read more about
MicroStrategyBitcoin
The Festival for the Decentralized World
Thursday – Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now
BTC$22,751.84
18.13%
ETH$1,189.29
21.21%
BNB$216.98
17.83%
XRP$0.305194
14.80%
BUSD$1.00
0.07%
View All Prices
Sign up for Market Wrap, our daily newsletter explaining what happened today in crypto markets – and why.
