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Microstrategy Posts $3.4 Billion Losses on BTC Holdings; Here Is What To Know About the Progress of “DOGE-1 to the Moon”

At the end of Q1 2022, MicroStrategy’s Bitcoin holdings were worth about $5.9 billion. However, with the price of Bitcoin reaching around $18,900 on June 30, the same stockpile — including some minor purchases announced at the end of June — was now only worth about $2.45 billion, or 58 percent less than it was just three months earlier. Microstrategy’s cryptocurrency holdings are now worth $3.4 billion less than they were at the end of the first quarter.

Until any of the Bitcoin is sold, the fall technically represents another paper loss for the business intelligence firm under US accounting laws, but there are still repercussions. When MicroStrategy releases its second-quarter earnings, it will probably have to take a sizable impairment charge.

Here Is What To Know About the Progress of “DOGE-1 to the Moon”

Elon Musk, the CEO of Tesla, announced that his business would literally put’’ dogecoin on the moon’’. However, , the precise date of the occasion remains yet unknown.

Despite delays, it appears that the “DOGE-1 Mission to the Moon” is still on track, according to people familiar with the situation. In fact, the mission is planned to launch later this year, according to CNBC space reporter Michael Sheetz, who noted that the most likely date might be in December 2022 in a tweet on June 29.

Musk announced in 2021 that SpaceX would unveil the Dogecoin-themed lunar mission in 2022 as part of his support for Dogecoin (DOGE). The project is a collaboration between the energy technology companies Geometric Energy Corporation, Unizen, and ZenX Labs (GEC).

The Tesla CEO declared that Dogecoin would be the first cryptocurrency used in space, breaking the news during his performance on Saturday Night Live on May 8, 2021. Participants can reserve lodgings for the mission paid for totally using Dogecoin. The expedition was earlier scheduled for the first part of 2022.

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 7/3/2022

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