Bitcoin MSTR

MicroStrategy’s (NASDAQ:MSTR) bitcoin (BTC-USD) stash is taking a $1B hit as the world’s largest digital token by market cap plunges to its lowest since December 2020.

Since it began acquiring bitcoins (BTC-USD) in August 2020, MicroStrategy (MSTR) has accumulated a position size of 129,918 bitcoins via sales of junk bonds and convertible notes, CoinDesk noted. Amid bitcoin’s slump, the company’s holdings are now valued at less than $3B.

Meanwhile, it appears that MicroStrategy (MSTR) is taking measures to ease the pain of potentially further price depreciation in bitcoin (BTC-USD). The company “just transferred 2089 #Bitcoin ($48 million) to a new wallet for the first time ever, likely planning to dump their bags,” CryptoWhale wrote in a Twitter post. “They’re now moments away from facing the largest liquidation in history.”

https://seekingalpha.com/news/3848158-microstrategy-unrealiz…

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