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

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:

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.

2. The value of Microstrategy’s 129,218 BTC (about 0.615% of the total Bitcoin in circulation) has lost nearly $1.6 billion.
3. 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.