Just saw the Strategy report for Q1 yesterday, and their losses reached $12.54 billion because Bitcoin dropped. This is a company known for aggressive BTC accumulation, so the impact of the price drop is felt immediately in their balance sheet.



Michael Saylor and the Strategy team are basically all-in on crypto as a store of value. They hold large quantities of Bitcoin as corporate assets, so every time the price drops significantly, their unrealized losses swell right away. This time, the blow was quite severe.

It’s interesting to see traditional companies willing to make big bets on Bitcoin, but also to watch for the volatility that can come with it. By the way, BTC is currently around $80.7K, so depending on the timing of their entry back then, recovery could just be a matter of time.
BTC-0.06%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin