MicroStrategy’s Bitcoin Wager Has Turned Into A Losing Bet
- Date: 16-May-2022
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
MicroStrategy’s Bitcoin Wager Has Turned Into A Losing Bet
Bitcoin
Unfortunately, since last Thursday, May 12, Bitcoin has been trading a bit over to around $2,000 under MicroStrategy’s breakeven price of $30,700 and it has gotten as low as $26,350. The recent downturn in Bitcoin’s price (over $10,000 or 26% in the past month), driven by the increase in interest rates and a risk off environment becoming more prevalent, has also hit the company’s share price (fallen over $250 or 56% in the past month).
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