CoinWorld News reports that as Bitcoin prices continue to retrace, about 74% of MicroStrategy’s Bitcoin holdings have entered a loss zone. Data shows that of the 843,706 Bitcoins currently held by MicroStrategy, 624,342 were bought at prices higher than the current trading price, with the current Bitcoin price at about $61,000. Despite facing significant losses, the company’s chairman, Michael Saylor, has reiterated his bullish stance on Bitcoin and said the company will continue to buy Bitcoin in both bull and bear markets.

BTC0.62%
MSTRX4.93%
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WaitingForConfirmationUnderThe
· 10h ago
624,342 coins bought at the mountaintop—this number looks downright painful, but what they’re playing is a ten-year cycle. Let’s not use our own pocket money to empathize.
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GlassDome
· 10h ago
Saylor's move is truly textbook-level faith; a 74% loss and still calmly adding to the position. If it were me, I’d be unable to sleep.
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