[DannyTN]

[Governor Dinwiddie]

Run with the bulls, and you'll get the horns.

[11th_VA]

Margin Calls coming ...

[SaveFerris]

(Bitcoin)

The only safe place for your money...

Or not.

[Hypo2]

Almost time to huy, No?

[Clutch Martin]

I wonder if a lot of financial houses used investments into Bitcoin for their clients retirement portfolios as in IRAs, 401k’s excetera... wow

[RoosterRedux]

When you can't define the underlying value of an investment, that investment might not solid.

[BiglyCommentary]

These BTC fanboy geniuses are moments away from getting a huge margin call from the banks. They violated several cardinal rules for investing. They kept borrowing and doubling down on their losses. It's like some a losing gambler who keeps borrowing on their credit card.

The company currently holds over $5.8 billion worth of bitcoin and has increasingly been raising debt as well as equity with the sole purpose of increasing its BTC holding. Bitcoin's bearish trajectory could prove disastrous for MSTR, especially if the coin price falls beneath $21,000, which would trigger a margin call, and close to bankruptcy.

In turn, MicroStrategy's (MSTR) bitcoin (BTC-USD) holdings are experiencing unrealized losses of over $1B, according to CoinDesk.

Since it began acquiring bitcoins (BTC-USD) in August 2020, MicroStrategy (MSTR) has accumulated a position size of 129,918 bitcoins via sales of junk bonds and convertible notes, CoinDesk noted. Amid bitcoin's slump, the company's holdings are now valued at less than $3B.

Meanwhile, it appears that MicroStrategy (MSTR) is taking measures to ease the pain of potentially further price depreciation in bitcoin (BTC-USD). The company "just transferred 2089 #Bitcoin ($48 million) to a new wallet for the first time ever, likely planning to dump their bags," CryptoWhale wrote in a Twitter post. "They're now moments away from facing the largest liquidation in history." The move comes despite MSTR CFO Andrew Kang in May saying its approach to buying and holding bitcoin won't change.

https://seekingalpha.com/article/4510285-microstrategy-bitcoin-bearish-trend-could-lead-downfall

https://seekingalpha.com/news/3848158-microstrategy-unrealized-bitcoin-losses-mount-to-over-1b-amid-crypto-rout

[BiglyCommentary]

When a stock loses 50%, it get “cheaper”, because the ratio of it’s earnings and dividend to price gets better. But for a crypto asset like BTC that has no earnings or dividend, it never gets cheaper, no matter how much lower it goes.

[Gay State Conservative]

About 6 months ago it was worth almost 3 times what it is today.

[dennisw]

RIGHT NOW>>
Bitcoin Price (BTC)
$21,934.82
down 7.38%

Ethereum >> $18.78 ETH down 4.95%

[sergeantdave]

The U.S. dollar has lost 86% of its value since 1971.

https://www.in2013dollars.com/us/inflation/1971

Enjoy the dollar reaching its inherent value - zero.