has gone south. The cost basis of $1.5 billion for 43,200 BTC, or 0.206% of the total Bitcoin supply, is now worth $1 billion , down almost $500 million.
The total impairment loss shared between the billionaire Bitcoin believers is roughly $1.4 billion. Given that both companies are publicly traded, the July quarterly results will dissect precisely how much each company is down on its Bitcoin assets.
Source: News Formal (newsformal.com)
Tesla MicroStrategy They'll be fine
Tesla MicroStrategy Make sure you report when they buy again and when Bitcoin is back into profit. Report their gains as well
Tesla MicroStrategy Still better than LUNA buyers.
Tesla MicroStrategy Ouch
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