As the cryptocurrency market plunges, the unrealized loss of technology company MicroStrategy exceeds $1 billion.
The company began buying bitcoins in 2020. Since then it has managed to accumulate 129918 BTC.
At the time of publication, MicroStrategy’s bitcoin holdings are valued at less than $3 billion, but back in early June that number exceeded $4 billion.
Last month, the company’s CEO Michael Saylor said MicroStrategy would only have problems if bitcoin hit $3562.
Meanwhile, MicroStrategy stock is down 24.32%.