🚨🚨 STRATEGY SINKS INTO THE RED! 🚨🚨
MICHAEL SAYLOR'S BITCOIN BET HAS ACCUMULATED MORE THAN $7 BILLION IN UNREALIZED LOSSES
Bitcoin's drop below $67,000 set off alarm bells around Strategy, Michael Saylor's company and one of the world's largest corporate holders of BTC.
According to its latest filing with the SEC, Strategy owns 850,364 BTC, acquired for approximately $64.16 billion, at an average purchase price of $75,456 per Bitcoin.
With BTC hovering around $66,900, the value of those reserves fell to about $56.9 billion, leaving an estimated accounting loss of approximately $7.2 billion.
But there's an important detail: Strategy still holds its Bitcoin. These are unrealized losses; they would only become actual losses if the company sold below its acquisition cost.
The downturn is putting renewed pressure on the accumulation strategy championed by Michael Saylor and reigniting the debate over the risks of concentrating such a large share of a company's balance sheet in Bitcoin.
Can Saylor withstand this pressure, or will the market continue to test his Bitcoin bet?
#shark593 #Shark593News #bitcoin #strategy #MichaelSaylor
MICHAEL SAYLOR'S BITCOIN BET HAS ACCUMULATED MORE THAN $7 BILLION IN UNREALIZED LOSSES
Bitcoin's drop below $67,000 set off alarm bells around Strategy, Michael Saylor's company and one of the world's largest corporate holders of BTC.
According to its latest filing with the SEC, Strategy owns 850,364 BTC, acquired for approximately $64.16 billion, at an average purchase price of $75,456 per Bitcoin.
With BTC hovering around $66,900, the value of those reserves fell to about $56.9 billion, leaving an estimated accounting loss of approximately $7.2 billion.
But there's an important detail: Strategy still holds its Bitcoin. These are unrealized losses; they would only become actual losses if the company sold below its acquisition cost.
The downturn is putting renewed pressure on the accumulation strategy championed by Michael Saylor and reigniting the debate over the risks of concentrating such a large share of a company's balance sheet in Bitcoin.
Can Saylor withstand this pressure, or will the market continue to test his Bitcoin bet?
#shark593 #Shark593News #bitcoin #strategy #MichaelSaylor
