Bitcoin Drops Below MicroStrategy’s Average Price as $900 Million Loss Raises Questions

TLDR: MicroStrategy faces a $900 million unrealized loss as Bitcoin trades below its average purchase price of holdings  The company’s Bitcoin is not used as collateral, eliminating margin call risks despite current price levels below cost  MicroStrategy holds 2.5 years cash runway for obligations, removing pressure to sell Bitcoin during downturn  Firm’s $8.24 billion debt [...]

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