5
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 MicroStrategy, holds 713,502 BTC at an average cost basis of $76,047 per coin, resulting in an unrealized loss of $6.85 billion…
