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).

Michael Saylor has appeared bemused by the continuous speculation online at MSTR having their bitcoin holdings liquidated at around $21,000 due to the recent $200 million loan with Silvergate. Even searching for Michael Saylor’s name on Twitter brought up the auto-complete phrase “Michael Saylor liquidated.”

This speculation is pretty misleading, but even still, where does the recent market turmoil in Bitcoin leave them? To consider this, let’s simply outline the terms of the various debts they have taken on in the last couple of years, including that Silvergate loan.



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