Prompted by the ongoing crash of the cryptocurrency market, Michael Saylor’s company – MicroStrategy – is now in a state of unrealized loss regarding its bitcoin holdings. The organization is the largest corporate holder of the primary digital asset, owning nearly 130,000 BTC.
Despite the grim condition of the industry, Michael Saylor remains bullish, predicting bitcoin will overcome the crash and bring profits to its owners.
MicroStrategy Takes a Major Unrealized Punch
The American business intelligence company, spearheaded by bitcoin bull Michael Saylor has displayed its keen support for the cryptocurrency multiple times. Over the past two years, the firm has made countless BTC purchases, with the last one being at the beginning of April when it bought $190 million worth of the asset.
With the latest amount, the company’s holdings increased to 129,218 BTC, and the average price is around $30,700.
The recent bloodbath in the digital asset market, and bitcoin specifically, whic
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