The bitcoin price hasn’t had a good performance in the past few weeks, dropping as much as 20% in just 36 days since the end of its latest relief rally in late March.
The red candle on the BTC/USD chart led MicroStrategy underwater as the Nasdaq-traded company saw the price dip below $30,700 – the amount it paid on average for all of its more than 129,000 bitcoin.
The software analytics company acquired 4,167 BTC at the time for roughly $190.5 million at an average price of about $45,714 per bitcoin.
The electric car maker’s cost per bitcoin sits at roughly $34,700, leaving the company with a nearly 10% unrealized loss at press time – about $155,000,000.