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But we saved everything 🙂.
Jacob King, CEO at WhaleWire, states that Strategy has officially recorded its largest ever unrealized Bitcoin loss of $12 billion after selling BTC.
King further notes that this loss is approximately 4,800 times greater than the gains made from an earlier sale, in which Strategy sold 32 BTC for over $2,500,000.
King previously highlighted that Strategy’s shares fell more than 10 percent after a shift in Bitcoin strategy and increased sales. He has also reported on rapid changes in the crypto market, including a record $1.1 billion daily drop in Tether’s market capitalization. These developments follow mounting volatility in digital asset markets.