MicroStrategy, Tesla, Block faced a $5 billion hit on their Bitcoin bet in Q2

Tesla, MicroStrategy and Block owned about 85% of Bitcoin held by public companies, currently numbering 27 according to data by CoinGecko. The three companies faced paper losses of up to $5 billion as Bitcoin price fell to $18,700 in June. Tesla sold 75% if its bitcoins in Q2. MicroStrategy, Tesla and Block (formerly Square) saw […]