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MicroStrategy (MSTR) Soars Losses as Bitcoin (BTCUSD) Price Plunges Below Cost Basis

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • MicroStrategy reported a $12.4 billion quarterly loss due to a steep bitcoin price decline.
  • Bitcoin is trading below the company’s average purchase price, intensifying pressure on the stock and raising concerns about potential forced sales.
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Stored market data

BTCUSD price history

76845.07 +16.64% over the displayed period

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