Due to the Bitcoin price approaching $63,000 per coin, MicroStrategy, led by Michael Saylor(, is facing a $9.5 billion unrealized loss. The company holds 717,722 Bitcoins, with an average purchase price of $76,020 per coin. Despite the unrealized loss, the company continues its weekly accumulation strategy, recently investing $39.8 million to buy 592 Bitcoins, funded by equity sales. MicroStrategy controls approximately 3.4% of the circulating Bitcoin supply and insists it will not sell its holdings, viewing them as long-term reserves.
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Due to the Bitcoin price approaching $63,000 per coin, MicroStrategy, led by Michael Saylor(, is facing a $9.5 billion unrealized loss. The company holds 717,722 Bitcoins, with an average purchase price of $76,020 per coin. Despite the unrealized loss, the company continues its weekly accumulation strategy, recently investing $39.8 million to buy 592 Bitcoins, funded by equity sales. MicroStrategy controls approximately 3.4% of the circulating Bitcoin supply and insists it will not sell its holdings, viewing them as long-term reserves.