Bitcoin24h $68,688.89-0.83%

Ethereum24h $2,012.65-1.22%

XRP24h $1.41+0.39%

BNB24h $624.38+0.05%

Solana24h $84.36+0.50%

TRON24h $0.2780+0.56%

Dogecoin24h $0.0932-0.64%

Bitcoin Cash24h $519.26+0.51%

Cardano24h $0.2651+0.61%

UNUS SED LEO24h $8.60+3.16%

MicroStrategy bought BTC at nearly the worst possible price last week

Looking at a chart of BTC when MicroStrategy was buying last week, skeptics think Michael Saylor paid nearly the worst price possible.

MicroStrategy admits it might need to sell bitcoin by 2026

If its finances get much worse or BTC keeps sliding, MicroStrategy could be looking at possibly selling some of its coins by next year.

As BTC crashed below the price at which Michael Saylor suggested selling a kidney, he reminded us that its price never declines in BTC terms.

MicroStrategy didn’t buy any BTC last week. Not only that, MSTR shareholders don’t even own the company’s BTC.

MicroStrategy and its founder have amassed over 2.7% of all circulating bitcoin. They are up billions on the trade so far.