Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto Superior to Cash
⭐ Merited by JayJuanGee (1)
Ouch.
According to my computation the recent sell off in Bitcoin is going to cost huge money to MicroStrategy:
Provided we touched the minimum on Coinbase, this quarter MicroStrategy is going to report a huge 647 millions of impairment loss.
Taking the total of impairments to 1.7 Billions, or 151 usd per share.
According to my computation the recent sell off in Bitcoin is going to cost huge money to MicroStrategy:
Provided we touched the minimum on Coinbase, this quarter MicroStrategy is going to report a huge 647 millions of impairment loss.
Taking the total of impairments to 1.7 Billions, or 151 usd per share.