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.
A famous Border Collie with over 1.58 million followers was allegedly stolen, sold to a dog meat restaurant, and eaten
Chutou was taken by a thief who told his owner "The dog is dead, so stop making a fuss. I did not break the law"
@Tyras_Mikhail the mall i used to go to as a kid is now an ofc for amazon. i delivered food when i was laid off from my it job and doordashing to make rent.
they're filing their IPO; they want to generate a ton of hype so retards buy in and keep it going for a few weeks so everyone with 401(k) plans are helplessly buying their stock
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@TheCanadian19 you can't get there until you accept that all the foreigners that participate in global labor arbitrage aren't doing this against their will, but working with the capital class in a mutually beneficial arrangement that allows the foreigners to remit their earnings