This is absolutely insane:
MicroStrategy's market cap is now worth $10 billion LESS than their Bitcoin holdings. MicroStrategy, $MSTR, is down -12% today and -57% since October 6th. This puts the company's market cap at $45 billion. Meanwhile, MicroStrategy holds 650,000 Bitcoin worth $55 billion.
In other words, MicroStrategy's market cap is now trading $10 billion BELOW the value of their Bitcoin holdings. Even if you subtract MicroStrategy's current debt pile of $8.2 billion from their current Bitcoin holdings, they still hold $46.8 billion worth of Bitcoin on a NET basis. MicroStrategy's NET Bitcoin holdings are still $1.8 billion ABOVE their current market cap, not including any cash on their balance sheet.
Can Saylor keep buying?
@bitcbot
MicroStrategy's market cap is now worth $10 billion LESS than their Bitcoin holdings. MicroStrategy, $MSTR, is down -12% today and -57% since October 6th. This puts the company's market cap at $45 billion. Meanwhile, MicroStrategy holds 650,000 Bitcoin worth $55 billion.
In other words, MicroStrategy's market cap is now trading $10 billion BELOW the value of their Bitcoin holdings. Even if you subtract MicroStrategy's current debt pile of $8.2 billion from their current Bitcoin holdings, they still hold $46.8 billion worth of Bitcoin on a NET basis. MicroStrategy's NET Bitcoin holdings are still $1.8 billion ABOVE their current market cap, not including any cash on their balance sheet.
Can Saylor keep buying?
@bitcbot
Bitcoin surges back above $90,000 as levered long liquidations have stopped.
Bitcoin has now added +$75 BILLION of market cap in 10 hours.
@bitcbot
Bitcoin has now added +$75 BILLION of market cap in 10 hours.
@bitcbot
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Michael Saylor's 'Strategy' says it may be forced to sell Bitcoin if there's "literally a three-year sustained down cycle."
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BlackRock CEO Larry Fink says "tokenization today is roughly where the internet was in 1996."
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π¨ Crypto Prediction Platform Polymarket Relaunches in U.S. Following CFTC Approval
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CoinGape
Crypto Prediction Platform Polymarket Relaunches in U.S. Following CFTC Approval
Crypto prediction platform Polymarket has announced the launch of its U.S. app after receiving CFTC approval to operate as an exchange.
Argentinaβs state oil company YPF evaluating whether to allow cryptocurrency payments for gasoline and diesel at its service stations.
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