Heated exchange between @SenWarren & @SecScottBessent on stock trading for Trump & Members of Congress.
"If this body wants to ban individual stock trading, which I would advocate for yourselves, start there. If you want legislative action to continue, that's your prerogative."
@cspan@SenWarren@SecScottBessent Mother fuck this guy! We are not safe. If this is the response of the treasury secretary regarding proven trades by the US president, then there is no real law. It’s only a matter of time before people start putting lights out on these asshole. 🙄
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.