It should be noted that Bitcoin has not only been invested in by public companies and private investors, but also by entire countries. Of course, we’re talking about El Salvador, where BTC has been the official tender since September 2021.

Alas, purchases of the first cryptocurrency have so far only brought the country unrealised losses – a loss that could disappear if Bitcoin rises. As of today, the state has 2,381 BTC worth $46.17 million at its disposal. This is equivalent to a 56 per cent drawdown on invested funds.

El Salvador’s Bitcoin portfolio behaviour can be monitored on a dedicated website. It shows up-to-date data on the country’s investments, as well as moments of cryptocurrency purchases according to tweets by the state’s president, Nayib Buquele.

Bitcoin purchases by the government of El Salvador

Naturally, many companies are in the red on crypto investments today – but there are exceptions. For example, the positions of Hut 8 Mining Corp and Riot Blockchain have more than doubled even considering today’s rate.

Hut 8 Mining Corp and Riot Blockchain Bitcoin position data

How much money is being lost on cryptocurrencies?

According to CryptoSlate sources, MicroStrategy has about $3.4 billion in unrealised losses due to the rapid fall in the Bitcoin price between April and June. The fact is that back at the end of the first quarter of the year, the company reported crypto reserves worth $5.9 billion. Their total value now stands at around $2.5 billion.

MicroStrategy share price

Nevertheless, MicroStrategy’s management remains true to its cryptocurrency hoarding strategy, even despite such tough market conditions. Between May and June, the company made a new round of asset purchases – it bought another 480 BTC worth $10 million. Accordingly, the company’s goal is unambiguous, and its management aims to buy up as many bitcoins as possible with the available funds.


It is important to note that MicroStrategy now has 129,699 BTCs worth $3.98 billion. Accordingly, the aforementioned total of 5.9 billion was an interim result of the first cryptocurrency's growth. That is, in essence, it turned out to be an unrealized profit of the position owner, which was not received due to a lack of desire to sell coins.


Ranking of the largest publicly traded companies that own bitcoins

Ilon Musk’s Tesla bought $1.5 billion worth of coins early last year. By the end of the first quarter of 2022, Tesla had $1.2 billion in crypto reserves, and by the end of June it had dipped as low as $820 million. That means Tesla has roughly $400 million in unrealized losses for the second quarter.

At the same time, Tesla's overall position sagged by a factor of 1.76.

The losses of big companies due to Bitcoin could be another reason for the industry to be criticised by its haters. Incidentally, they have just recently collaborated and announced the Crypto Policy Symposium – an event for those who, for whatever reason, don’t like cryptocurrencies.

Symposium author and organiser Stephen Diehl noted in an interview with journalist Amy Castor that his supporters aim to provide the community with an opportunity for direct dialogue with financial regulators about the control of the crypto industry. Here is the relevant quote cited by Cointelegraph.

The main goal of the symposium is to give regulators access to the information and materials needed to make informed decisions on cryptocurrency regulation.

Castor herself also belongs to the camp of sceptics about digital assets. In her view, regulators receive one-sided information mainly from large cryptocurrency companies that lobby for laws that benefit only themselves. The symposium itself will take two days, from 5-6 September 2022 in London.


We believe this is a perfectly normal situation for cryptocurrency investors represented by companies, given the volatility of digital assets. And since MicroStrategy and El Salvador continue to buy more bitcoins when they are at a loss on their positions, it means they are comfortable with this feature and have been prepared for it. Other investors, on the other hand, if they follow this strategy, it is important not to invest their last money, which they cannot afford to lose. After all, it is still impossible to predict the duration of a bearish trend.