MicroStrategy’s Paper Loss Exceeds $1B

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The “paper” loss of analytical software provider MicroStrategy from holding Bitcoins has exceeded $1 billion, according to Bitcoin Treasuries.

The company keeps 129,218 BTC in its reserves. The company reportedly paid an average price of $30,700 per each Bitcoin it holds.

At the moment, the value owned by MicroStrategy is estimated at $2.9 billion. For comparison: in early June, this figure exceeded $4 billion.

On June 13, the price of Bitcoin fell below $23,000. At the moment still remains at this level. The fall over the past day was 18%.

The opening of the trading session for MicroStrategy shares began with a drawdown of 25.24%.