The BTC price correction affects not only retail investors – the big players suffered much more seriously.
The fall in bitcoin below $ 50,000 directly affected the price of the MSTR, which dropped from $ 1,300 to $ 629 in just 17 days.
MicroStrategy today announced additionalpurchase of 210 BTC for $ 10 million. Soon, the company's share price reached a local bottom at around $ 628. In comparison, the MSTR traded above $ 1,300 last month.
However, before the company first announced its Bitcoin investment in August last year, MSTR traded around $ 100.
Currently, MicroStrategy wallets hold 91,064 BTC.
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