MSTR's quarterly results are really shocking. As Bitcoin's price halved from $120k to around $60k, the world's largest Bitcoin holding company recorded the worst loss in history. The net loss alone exceeded $12.6 billion, approximately 17 trillion won.



The bigger problem is that the current BTC price is much lower than MSTR's average purchase price of $76,000. They hold 713,502 coins, with unrealized losses amounting to over 13 trillion won. From the company's perspective, they can't sell and are just waiting for the price to recover.

The stock price of course plummeted. It dropped 17% in a single day, and has evaporated 75% from last year's peak. However, the company said it has enough cash reserves to endure, but ultimately, how far Bitcoin's price will fall remains the key issue.
BTC-1.57%
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