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The losses from their bitcoin position can exceed their current market cap.
by mjol 5y ago
The losses from their bitcoin position can exceed their current market cap.
- vidarh 5y agoTheir Bitcoin holdings seems to add up to about half their current market cap, so that seems to make no sense. EDIT: From [1]: > “As of June 21st, 2021, MicroStrategy holds an aggregate of approximately 105,085 bitcoins, which were acquired at an aggregate purchase price of approximately $2.741 billion and an average purchase price of approximately $26,080 per Bitcoin, inclusive of fees and expenses.” From [2]: > Market cap: $6.08 Billion So ~half, and average purchase price is still substantially below current BTC price. [1] https://dailyhodl.com/2021/06/23/michael-saylors-microstrategy-now-owns-over-100000-btc-with-new-purchase/ https://dailyhodl.com/2021/06/23/michael-saylors-microstrate... [2] https://companiesmarketcap.com/microstrategy/marketcap/ https://companiesmarketcap.com/microstrategy/marketcap/
- deleted 5y ago[deleted]