Close Menu
    Strategy's Bitcoin Bet Now $3.35 Billion In The Red As Saylor Tells Investors To Wait
    Cryptocurrency

    Strategy’s Bitcoin Bet Now $3.35 Billion In The Red As Saylor Tells Investors To Wait

    View 12 Comments

    12 Comments

    1. coinfeeds-bot on

      tldr; MicroStrategy’s Bitcoin holdings are now $3.35 billion in unrealized losses, with its stock trading below the value of its Bitcoin reserves. The company recently added 17,994 BTC at an average price of $70,946 per coin, bringing its total stash to $52.65 billion. Chairman Michael Saylor remains optimistic, urging patience and projecting Bitcoin growth of 30% annually over two decades. Despite short-term losses, MicroStrategy continues its aggressive Bitcoin acquisition strategy, emphasizing long-term gains over immediate price surges.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    3. xarips on

      By the end of the year Saylor will own damn near 5% of the entire supply (hes going to announce another buy of around 30k BTC tommorrow) and that doesn’t even include the massive number of coins lost forever.

      If you believe in BTC, like if you actually believe in it and think its going to become globally adopted and the price will go to $1 million then I don’t understand how you wouldn’t be going all in on MSTR.

    5. markofthebeast143 on

      The financial institution has been buying up bitcoin they’re not selling

    7. MrF_lawblog on

      What’s the point of investing in a company that buys Bitcoin instead of buying Bitcoin yourself? Why would you pay the crazy amount of overhead associated with the business doing it?

    10. eddyg987 on

      I don’t I understand why mstr has any value, you can’t redeem for btc and has nothing to do with the btc they own. It’s like saying we sell btc tickets and we buy btc , but you can only traade these tickets on the market and they don’t entitle you to anything except dilution so we can keep buying btc.

    11. WhiningCoil on

      I don’t know how, but I’m convinced some megacorp like Blackrock or JPMorgan Chase will somehow force Strategy into bankruptcy and then acquire their BTC for a steal as creditors or at auction.