Strategy’s Unrealized Bitcoin Loss Nears $2 Billion as BTC Slides
Summary
- Bitcoin’s plunge pushed unrealized losses at Strategy, the world’s largest corporate Bitcoin holder, to nearly $1.93 billion.
- Strategy holds 844,000 Bitcoin, with an average purchase price of about $75,700 per token.
- Middle East tensions and a U.S. airstrike on Iran erased about $80 billion in crypto market value over the past 24 hours.
Forecast Trend Report by Period
Strategy, the world’s largest corporate holder of Bitcoin, is sitting on nearly $2 billion in unrealized losses.
Data from Death Spiral showed the company’s unrealized loss on its Bitcoin investment stood at about $1.93 billion as of May 28. The loss widened after Bitcoin fell nearly 3.5% from a day earlier to the $73,000 range.
Strategy holds about 844,000 Bitcoin, with an average purchase price of roughly $75,700 per token.
Separately, about $80 billion in cryptocurrency market value was wiped out over the past 24 hours as tensions in the Middle East weighed on digital assets. Cointelegraph reported that the U.S. airstrike on Iran pushed the crypto market to its lowest level since mid-April.
gilson@bloomingbit.ioHello, I'm a reporter at bloomingbit
