MicroStategy claimed in December that it would sell its bitcoin before offloading more shares. Since then, it’s sold $339 million in shares.
MicroStrategy says revenues from its analytics business may not be enough to pay its debts and it may have to sell its bitcoin or more shares.
Michael Saylor, chairman of MicroStrategy, candidly explained why he went all-in on bitcoin… and what happens if the firm goes broke.
According to two investment tracking websites, Michael Saylor and Nayib Bukele are a combined $1.75B down on their bitcoin investments.
According to BlockchainCentre.net, MicroStrategy’s 130,000 bitcoins are worth $2.7B — impressive if it hadn’t spent $4B on acquiring them.
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- Australia forces Binance to pay users after law-breaking
- The main Bitcoin-dev mailing list might cease operating next month