Companies that have invested in cryptocurrencies have lost billions

Now that “Bitcoin” and all other cryptocurrencies have lost from 50 to 70% of their value compared to November of last year, companies are also suffering significant losses, however, taking into account the nature of cryptocurrencies, it is problematic to name the exact amounts. First, in theory, until cryptocurrencies are sold or the company urgently needs the liquidity contained in these coins, the loss is only “on paper”. Likewise, specific estimates are likely to be available only when companies publish their first-half reviews and reports to shareholders.

However, according to Bloomberg, in the case of cloud data services and analytics company MicroStrategy, it can be assumed that its cryptocurrency wallet is currently $3.4 billion “lighter” than it was at the beginning of the year. In March, the cryptocurrencies at the disposal of the company were worth almost 6 billion, but at that time the price of one coin was much higher than now, when it is around 19-20 thousand dollars. This is also reflected in the value of the company’s shares, which has seen a sharp decline this year. At the end of the first half, the value of MicroStrategy’s shares had fallen by 66%.

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