🔥The position of Strategy (Microstrategy) is almost in the red 👀
On Friday #bitcoin extended its drop to a minimum of $80,600 on Binance, just $6,167 difference from the entry or average purchase price of Strategy (#MicroStrategy ) of $74,433.
This endangers the position of #Strategy , as if Bitcoin drops another 8%, the position of Strategy will turn negative.
Just 46 days ago, when Bitcoin reached its new all-time high, the Bitcoin position of Strategy had risen by 70%.
The price of Strategy's shares is also suffering losses, experiencing a free fall since July 18 of this year.
What will Strategy do when that moment arrives? Will it continue to buy?
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BTC
90,452.07
-0.74%