MicroStrategy's Bitcoin position is almost red: Bitcoin just extended its decline to a low of 80,500, just 6,067 away from MicroStrategy's entry of 74,433. This puts Bitcoin -8% away from MicroStrategy's position turning negative. Just 46 days ago, MicroStrategy's Bitcoin position was up +70%. The stock, MSTR, is now down -70% from its record high. Can Saylor keep buying?(The Kobeissi Letter)