Michael Saylor, CEO of MicroStrategy, is confronting a substantial $7.6 billion unrealized loss on the company's Bitcoin holdings. Despite Bitcoin's price dropping by 47% from its peak, Saylor has maintained his strategy of buying and holding more Bitcoin. MicroStrategy initially invested $54.26 billion in Bitcoin, purchasing 713,502 coins at an average price of $76,052 each. The current value of these holdings has decreased to approximately $46.5 billion.
At Bitcoin's peak, MicroStrategy's holdings were valued at around $80 billion. Despite the significant decline, Saylor has not liquidated any positions and continues to add to the company's Bitcoin reserves. His steadfast belief in Bitcoin as a long-term store of value remains unchanged, even as critics question the sustainability of his strategy amid ongoing market volatility.
Michael Saylor Faces $7.6 Billion Unrealized Loss on Bitcoin Holdings
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