Bitcoin

Michael Saylor’s MicroStrategy Would Need to Liquidate Bitcoin (BTC) During Extreme Price Corrections: Bernstein

MicroStrategy holds around 152,000 bitcoin, with a total cost basis of about $4.5 billion, and an average price of roughly $29,600, the note said. The market value of MicroStrategy’s cryptocurrency assets form about 0.78% of the total bitcoin in supply and account for around 20% of daily average BTC trading volume, the analysts wrote.

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