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MicroStrategy's massive bitcoin bet is underwater on paper as bitcoin trades around $28,000; MicroStrategy holds 129,218 BTC, bought for $30,700 on average (Yogita Khatri/The Block)


Yogita Khatri / The Block:

MicroStrategy’s massive bitcoin bet is underwater on paper as bitcoin trades around $28,000; MicroStrategy holds 129,218 BTC, bought for $30,700 on average  —  Quick Take  — Bitcoin’s price fall has led to unrealized losses for MicroStrategy.  — The Nasdaq-listed company is currently sitting on a paper loss of $330 million.


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