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According to this source
MicroStrategy owns 499,096 bitcoins as of Feb. 24, 2025. MicroStrategy states the average purchase price as $62,473.01 USD per bitcoin with a total cost of $27.954 billion USD.
As of this writing, /BTC (front-month futures) is down 6.2%, and MSTR is down 7.2%. Purchasing more Bitcoin by issuing more debt and/or equity will simply increase the balance sheet leverage. When and if the Bitcoin price crosses MicroStrategy's average cost, it will be a margin call of epic proportions. I wouldn't be surprised if someone pulls out some sort of manipulation, connecting a major disruption of Bitcoin infrastructure with shorting MSTR stock or through the myriad of alternative leveraged plays.
Remember, when you can't sell what you want, you'll be forced to sell what you have.
Happy trading!
#finance
February 2025
BY Random Thoughts
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