Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
MicroStrategy’s financial report shows unrealized losses on digital assets of up to $14.4 billion. In the first quarter, the company’s earnings per share (EPS) was a loss of $38.25. Because Bitcoin hasn’t been sold, this is only on paper. Now Bitcoin has risen back again and has started moving into a profitable state. MicroStrategy’s overall cost basis is roughly around $76,000. There’s a line from that time that’s worth noting.
The old man said: The company may sell a small amount of Bitcoin to pay for the preferred stock STRC’s annual dividend of up to 11.5%.
If Bitcoin stays below $76,000 long term, and the stock and the company can’t continue to be profitable or the total returns can’t reach 11.5%, then he will sell Bitcoin to pay the interest. If Bitcoin rises to a higher point, he won’t sell. If it keeps staying within the cost range, and it still can’t meet the profit rate, then selling will happen. This is how you get a “death spiral”—the more it sells, the more it falls, and the more it can’t meet the profit rate. This is what we’re alert to.
$BTC