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Strategy's Bitcoin Bet Is Now a $13B Paper Loss | CoinDesk Daily
Published 4 weeks ago
Description
Strategy's $13B unrealized loss.
Strategy is sitting on a $13 billion unrealized loss on its bitcoin holdings, with its STRC preferred stock down 25% from par. The company still has about 10 months of reserves to cover dividends but the bigger question is whether investor confidence holds if bitcoin doesn't bounce back. CoinDesk's Sam Ewen hosts "CoinDesk Daily."
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This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.