MicroStrategy has a market cap of 30 billion, but he holds 720,000 Bitcoins. Do you know what that means? Currently, the valuation given to him by the US stock market makes it impossible for him to sell his Bitcoins at an average price of $40,000. The death spiral is truly playing out in every round.
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MicroStrategy has a market cap of 30 billion, but he holds 720,000 Bitcoins. Do you know what that means? Currently, the valuation given to him by the US stock market makes it impossible for him to sell his Bitcoins at an average price of $40,000. The death spiral is truly playing out in every round.