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MicroStrategy’s bitcoin is now worth $1B more than the actual company

From blockworks.co

Bitcoin hoarder MicroStrategy has so far struggled in the New Year, and spot bitcoin ETFs seem to be making it worse. Shares in the data software firm have slipped more than 20% so far this month, wiping about $4 billion from its market value. Bitcoin (BTC) meanwhile is up more than 10% in January. MSTR has still nearly tripled in the past year. MicroStrategy holds 189,150 BTC ($8.7 billion) on its balance sheet, which awkwardly means its bitcoin is worth over $1 billion more than the actual company. Although, the true value of MicroStrategy’s bitcoin is somewhat lower considering it bought some of its bitcoin with ... (full story)

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