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MicroStrategy leads crypto sector short losses with $2 bln hit since March. MicroStrategy held nearly 190,000 bitcoin on its balance sheet as of the end of 2023 and has indicated it would continue increasing its exposure.

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MicroStrategy leads crypto sector short losses with $2 bln hit since March. MicroStrategy held nearly 190,000 bitcoin on its balance sheet as of the end of 2023 and has indicated it would continue increasing its exposure.

"The premium (for MicroStrategy) is supported by a desire for investors to have exposure to bitcoin who may be unable to invest directly in bitcoin or in ETFs," analysts at BTIG said in a note earlier in April. Reuters

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