MicroStrategy Buys the Dip: Increases Bitcoin Holdings to 132,500 BTC
While investors were panicking about the market crash induced by the FTX’s sudden collapse, independent publicly-traded business intelligence company MicroStrategy was busy buying the dip, increasing its total Bitcoin holdings to 132,500 BTC.
How Much MicroStrategy Is at Risk From the Fall of Bitcoin’s Price?
Given that now the company’s largest asset by far is the amount of Bitcoin it owns, it is estimated that if the cryptocurrency declines to around $13,000, Microstrategy’s intrinsic value will be negative.
