MicroStrategy underwater That's how long Michael Saylor hodles on

Has MicroStrategy erred in its Bitcoin purchases? According to SEC Filings, the median price of BTC the company holds on its balance sheet is $24,214.

So as of now ( BTC is trading at $21,300 at the time of writing ) the company is underwater posting a book loss on its Bitcoin investments.

But the company, which according to bitcointreasuries.org holds 129,218 BTC, is making no move to liquidate the coins.

CEO Michael Saylor wrote on Twitter : "When MicroStrategy launched the Bitcoin strategy, it anticipated volatility and structured its balance sheet to hold even in difficult times."

Back on May 10, Saylor assured that even in the event of a downtrend to the $3,562 mark, his company would not be forced to sell BTC.

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