BTC Treasuries Lose $62B as MicroStrategy, Tesla Lead Rout
Strategy alone carries roughly $11B in unrealized losses on 843,706 BTC, with $10B+ already sitting on the books of the eight largest pure-play holders before the latest leg down.
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Strategy alone carries roughly $11B in unrealized losses on 843,706 BTC, with $10B+ already sitting on the books of the eight largest pure-play holders before the latest leg down.
The 32 BTC MicroStrategy sold is rounding error against a $1.85B cascade — the real driver is leverage, not the issuer's first sale in three years.