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MicroStrategy Buys More Bitcoin But is Already Underwater on Them, Down $1.34B Overall

Published 06/29/2022, 04:16 AM
Updated 06/29/2022, 08:22 AM
© Reuters MicroStrategy (MSTR) Buys More Bitcoin But is Already Underwater on Them, Down $1.34B Overall

By Investing.com Staff

MicroStrategy Incorporated (NASDAQ:MSTR) said it bought hundreds more Bitcoin over the last several weeks but is already underwater on the new purchases.

The company said during the period between May 3, 2022, and June 28, 2022, it acquired approximately 480 bitcoins for approximately $10.0 million in cash, at an average price of approximately $20,817 per bitcoin, inclusive of fees and expenses. Bitcoin last traded at $20,098.

The company now owns approximately 129,699 bitcoins with an average price of $30,664 per bitcoin.

Overall, the company is down $1.34 billion on its Bitcoin purchases.

Latest comments

People are like fish they run with the market 🏃‍♂️ that's why some few people have an edge in markets 😎
Well, he needed to pump the market to support his bitcoin fantasy world .
strange!
Calling it unrealized losses takes the edge off. Calling it increasing unrealized losses does not.
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