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Tesla, Microstrategy and Block Lose Nearly $2.5 Billion in Bear Market

By WebsCryptoJune 19, 20221 Min Read
Tesla, Microstrategy and Block Lose Nearly $2.5 Billion in Bear Market
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According to BTC holdings data from Tesla, MicroStrategy and Block, these three companies have lost nearly $2.5 billion in this bear market.

Among them:

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1. The value of Tesla’s 43,200 BTC (equivalent to 0.206% of the total supply of 21 million BTC -0.17%-news/">Bitcoins in circulation) has fallen by more than $700 million.

  1. The value of Microstrategy’s 129,218 BTC (about 0.615% of the total Bitcoin in circulation) has lost nearly $1.6 billion.
  2. The value of 8,027 BTC (about 0.038% of the total Bitcoin in circulation) held by Jack Dorsey’s payment company Block has lost nearly $150 million.

MicroStrategy CEO Michael Saylor previously revealed on social media that the company has $205 million in term loans and needs to maintain $410 million worth of collateral, but MicroStrategy has anticipated volatility and built its balance sheet to be in a bear market Continue to HODL.

Related News:
  • Worldcoin Shatters Records in Argentina as Circle Expands USDC Footprint to Chile
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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