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Billionaire Saylor's MicroStrategy Loses over $1.2 Billion in the Bitcoin Crash

Billionaire Michael Saylor and his company MicroStrategy are at the center of attention with the fall of Bitcoin. Before we even look at the numbers, it's safe to say that Saylor and MicroStrategy are among the biggest losers in Bitcoin's return to earth as they adopted a cryptocurrency investment strategy in 2020. MicroStrategy holds 129,218 bitcoins, 4,827 of which were purchased in the first quarter at an average price of $44,645.
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