PI Global Investments
Bitcoin

Whats Next For Microstrategy Bitcoin – Bitcoin Magazine

MicroStrategy (MSTR) currently sits on a huge loss on their bitcoin purchases. Based on a current bitcoin price of $20,300, their 129,699 aggregate bitcoin holdings are worth $2.6 billion, down from a total purchase cost of roughly $4 billion (average cost $30,700). Hence they are sitting on unrealized losses of ~$1.4 billion on their purchases.

The last couple of years have been a wild ride for MSTR shareholders, and ironically, the share price ($186) doesn’t sit that far above the share price in the summer of 2020 when they announced their first bitcoin purchase (approximately $140).

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