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2021.06.08

Bitcoin loses huge loss to Micro, investing another $ 400 million

Following the Bitcoin crash last month, MicroStrategy, the largest publicly traded company in Bitcoin holdings, is expected to lose at least $ 284.5 million in the second quarter. However, the company, headed by Billionaire CEO Michael Sailor, intends to maintain its bullish position and further increase its investment in volatile Bitcoin with new funding. Virginia-based MicroStrategy said in its June 7 filing that “bitcoin market price volatility” is expected to result in an impairment loss of $ 284.5 million in the quarter ending June 30. Clarified. In a press release on the morning of the 7th, the company announced that it would raise $ 400 million from institutional investors by issuing corporate bonds with a maturity of 2028. MicroStrategy says it will use the money to buy more Bitcoin

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