Bitcoin collapse sends BTC treasuries $10B underwater as one major firm braces for a $27B disaster

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 […]