So you think you’re down bad? Tesla and Microstrategy are down by almost $2B on Bitcoin buys.
has gone south. The cost basis of $1.5 billion for 43,200 BTC, or 0.206% of the total Bitcoin supply, is now worth $1 billion , down almost $500 million.
The total impairment loss shared between the billionaire Bitcoin believers is roughly $1.4 billion. Given that both companies are publicly traded, the July quarterly results will dissect precisely how much each company is down on its Bitcoin assets.
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