Significant losses reported among public companies due to BTC’s drop below 80,000 USD. Bitcoin’s value plummeted 9.6%, leading to 474 million USD in liquidations and substantial unrealized losses.
Metaplanet holds 4,206 Bitcoins worth around 314.7 million USD but faces a 12.4% unrealized loss. The Blockchain Group is down 14.4% with 620 Bitcoins valued at about 46.39 million USD.
Despite an overall profit of 10.9%, Strategy (MSTR) grapples with losses on acquisitions since November 2024, impacting their Bitcoin strategy and stock performance.
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