The unrealized loss for Michael Saylor's Strategy company has hit a staggering -$11 billion today.
After six years of relentless Bitcoin accumulation on their balance sheet, the company is down about 18%, while the S&P 500 index surged by 116% during the same timeframe.
Interestingly, prior to the recent sell-off of 32 $BTC , Saylor's company was still in a slight profit.
Michael Saylor just linked the current dip to capital flowing into the AI sector, noting that "volatility creates opportunities."
After six years of relentless Bitcoin accumulation on their balance sheet, the company is down about 18%, while the S&P 500 index surged by 116% during the same timeframe.
Interestingly, prior to the recent sell-off of 32 $BTC , Saylor's company was still in a slight profit.
Michael Saylor just linked the current dip to capital flowing into the AI sector, noting that "volatility creates opportunities."