Strategy’s unrealized Bitcoin loss exceeded $13 billion as share price fell below reserve value
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🚨 Strategy’s paper losses in $BTC have surpassed $13 billion with Bitcoin trading well below their average buy-in price.
📉 The firm’s market cap has dropped 43% below the value of its Bitcoin reserves, preventing new share issues for more crypto buying.
💸 Analysts from Grayscale and Ripple warn that massive BTC sales could be needed to cover debts, keeping the spotlight on Strategy’s risky position.
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bullish:
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