MicroStrategy has spent $3.97 billion on building a crypto war chest of 130,000 BTC, but it's now worth $2.45 billion 👀
MicroStrategy has snapped up another 301 BTC for $6 million, new filings to the U.S. Securities and Exchange Commission reveal.This means that the Bitcoin investment is already underwater by $300,000. At the time of writing, CoinMarketCap data shows BTC is trading at $18,864.
Back in November, when Bitcoin hit an all-time high of $68,700, MicroStrategy was sitting on a profit of $4 billion. "If you'd asked the same question to Jeff Bezos in 2003 and said, you know, like you just had an 80% loss in Amazon, do you ever wish you sold Amazon in the year 2001? You know, Jeff Bezos could have sold Amazon in the year 2000 and avoided a 95% loss."
"If you look at all the richest people in the world, they're not traders. I mean, Bill Gates, Jeff Bezos, Elon Musk, Mark Zuckerberg, Larry Page… name the person who traded their way to that situation. You can't really do it. Trying to time the market is ridiculous."
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