MicroStrategy faces $1B loss due to current bitcoin price

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    MicroStrategy, which is owned by billionaire Michael Saylor, has 129,218 bitcoins. In the first quarter, 4,827 bitcoins were bought at an average price of $44,645.

    The company has spent about $3.97 billion on its bitcoin holdings, which are now worth about $3.01 billion. That means that MicroStrategy’s unrealized loss on its Bitcoin investment is close to $1 billion.

    Saylor doesn’t seem to be worried. Today, he tweeted, “In Bitcoin We Trust.

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