Bitcoin’s (BTC) slide to as low as $60,233 overnight, before recovering somewhat to $65,443, has left most of the largest pure-play Bitcoin treasury companies deeply underwater on their holdings, with combined unrealized losses approaching $10 billion across eight entities that collectively control more than 850,000 BTC. The reckoning hits hardest at the top. Strategy, formerly
The post Bitcoin’s slide to $60k puts BTC treasury companies $10B underwater as one major firm is braces for a $27B disaster appeared first on CryptoSlate. CryptoSlate Read More
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