MicroStrategy Now Down $1B on Its Bitcoin Bet

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MicroStrategy Now Down $1B on Its Bitcoin Bet
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.MicroStrategy's $MSTR largely debt-financed bitcoin investment is down by $1 billion following the asset's plunge to $22,960. Reporting by oknightcrypto.

The CEO of the technology company began purchasing bitcoin in August 2020 at a price just under $12,000.

Subsequent purchases over the following months brought the company's holdings to 129,918 bitcoin, now valued at under $3 billion, compared with what's a near-$4 billion investment.Last month, SaylorMicroStrategy shares are down 24.32% on Monday as it leads the

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