Strategy’s Unrealized Bitcoin Loss Nears $2 Billion After BTC Drop
JOON HYOUNG LEE
Summary
- The world’s largest corporate Bitcoin holder, Strategy, saw its unrealized loss reach about $1.93 billion, bringing it close to $2 billion.
- Strategy holds about 844,000 Bitcoin, with an average purchase price of roughly $75,700 per token.
- Middle East tensions and the U.S. strike on Iran erased $80 billion in crypto market capitalization, pushing the market to its lowest level since mid-April.
Forecast Trend Report by Period
Strategy, the world’s largest corporate Bitcoin holder, is facing nearly $2 billion in unrealized losses.
Data compiled by DESSPIRAL on May 28 showed the company’s unrealized loss on its Bitcoin investment stood at about $1.93 billion. The decline came after Bitcoin fell nearly 3.5% from a day earlier to the $73,000 range.
Strategy holds about 844,000 Bitcoin. Its average purchase price is about $75,700 per token.
Meanwhile, Middle East tensions wiped out $80 billion in cryptocurrency market capitalization over the past 24 hours. Cointelegraph reported that the U.S. strike on Iran pushed the crypto market to its lowest level since mid-April.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
