It's official.
MicroStrategy, $MSTR, is now facing its biggest unrealized loss in history, at -$10.8 billion.
In other words, after 6 years of buying Bitcoin, the company is now down -17% on its position.
By comparison, the S&P 500 is up +116% over this same timeframe.
Since MicroStrategy sold 32 Bitcoin at $77,135 per coin, their positions has lost -$11.8 billion in value.
This puts MicroStrategy's stock, $MSTR, down -77% since its record high.
Bear market is an understatement.
@BreeTWOTimes_@amitisinvesting That affair point. Idk I might just leave it for now as it’s a very small position and I’m down 25% on it. Might reevaluate it later.
@FreshStart6789 Fair point. In all honesty I think SpaceX is an overpriced pig. But with the Nasdaq changing its rules and it entering the Nasdaq 100 after 15 trading days, there is no way it doesn’t run from day one. I feel like I could reenter $GRAB at a later time and not miss much.
@FreshStart6789 Full sell. It’s not that large of a position for me maybe 1.5% of my portfolio. Hence why I’ve just left it. But with the SpaceX IPO on the horizon I thinking about throwing that money in there. Working on building a cash position.
@amitisinvesting I’ve been saying this for the last 3 years. If they would actually do their job and hike to 10%, it will hurt. The economy will crash for a little bit but inflation will be gone. But no one has the balls to do that especially knowing Donald will wreck you every step of the way.