Most Questionable Decision by MicroStrategy Their decision t | LibreCharts

Most Questionable Decision by MicroStrategy

Their decision to purchase 19,452 at $52,765 / BTC (announced here: https://www.microstrategy.com/en/investor-relations/press/microstrategy-acquires-additional-19452-bitcoins-for-1-026-billion_02-24-2021)

This was a $1.02B purchase total (this is what that $1B in "debt financing went to).

Here's where the second layer of losses comes in for MicroStrategy because, as we all know, Bitcoin slid off a cliff later on this year (in May).

Right now its trading around $35k (generous bump since its decreased recently).

That means that those holdings are now worth $680M, representing a pure loss of approx. $340M.

This doesn't consider the fact that MS made some other questionable purchases (such as $15M in BTC at $59k [ouch]).

https://sec.report/Document/0001193125-21-105625/