Crypto
MicroStrategy Downtrend: Can 847,363 BTC Reverse MSTR's 56% Slide?
MicroStrategy Inc., trading under the ticker MSTR on NASDAQ, is experiencing a downtrend after its peak of $196.74, currently consolidating below the EMA200 at $185.33.
The company's balance sheet holds 847,363 Bitcoins with an aggregate cost basis of $64.10 billion, representing an average acquisition price of $75,651 per Bitcoin.
With the current Bitcoin price around $67,000, the balance sheet value lags its cost basis by approximately $7.3 billion, resulting in a paper loss of about $8,600 per coin.