Analytics software provider MicroStrategy's paper loss from held bitcoins exceeded $1 billion. About thisBitcoin Treasuries data testify.
The company holds 129 218 BTC in reserves. The average purchase price of 1 BTC is ~$30,700.
At the time of writing, the value owned by MicroStrategy is estimated at $2.9 billion. For comparison: back in early June, the figure exceeded $4 billion.
On June 13, the price of Bitcoin fell below $23,000. At the time of writing, quotes had risen to around $23,200. The fall over the past 24 hours was 18%, according to CoinGecko.
The opening of the trading session for MicroStrategy shares began with a drawdown of 25.24%. Currently, MSTR quotes are trading at $155 (-23.78%). Since the beginning of the year, securities have fallen by 72%.
Recall that in May, the head of MicroStrategy, Michael Saylor, announced that the company had no plans to sell bitcoins. In the same month, he promised to continue buying the first cryptocurrency.
In June, the head of MicroStrategy called digital gold “the most reliable thing in an unstable world.”