Michael Saylor Loses $47 Billion Unrealized Profit As Bitcoin Dumps Below Strategy's Cost Basis
View original at finance.yahoo.comMichael Saylor Loses $47 Billion Unrealized Profit As Bitcoin Dumps Below Strategy's Cost Basis Strategy(NASDAQ:MSTR) is now $630 million underwater on its Bitcoin(CRYPTO: BTC) holdings, wiping out $47 billion in unrealized profits from just four months ago as Bitcoin plunged below the company’s $76,037 average cost ba…
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Strategy's actions helped add $1.8 trillion to Bitcoin's value, with 85% of the gains benefiting holders in China, Russia, Africa, and South America rather than corporate investors
80% confidenceTo reach $20 trillion or $200 trillion, corporations like Strategy, money managers like BlackRock, and banks must enter the Bitcoin network
80% confidenceWithout corporate involvement, Bitcoin would trade at $10,000 per coin with a $200 billion network instead of $2 trillion
80% confidenceStrategy's equity structure has 15 million beneficiaries holding securities through pension funds, insurance companies, sovereign wealth funds, and retail accounts
80% confidenceWe represent a motor powering the network up. We're driving the price of Bitcoin from $10,000 to $100,000, $1 million to $10 million by creating common equity that large institutional investors can buy
80% confidenceThe Rules of Bitcoin: 1. Buy Bitcoin 2. Don't Sell the Bitcoin
80% confidenceIf Strategy reaches 5% of the Bitcoin network and Bitcoin hits $1 million per coin, it would transfer $18-$20 trillion to the 85% who don't hold corporate Bitcoin
80% confidenceStrategy has provided Bitcoin exposure to about 50 million people and expects that number to reach 100 million in the coming years
80% confidenceAt 7.5% ownership, Bitcoin reaches $10 million per coin with 70%-75% held by non-corporate entities, transferring $150 trillion to holders outside corporate structures
80% confidenceStrategy's buying drove Bitcoin's 550% rise, but now that the company can't keep buying as much, the price is falling
80% confidence
