Bitcoin’s slide to $60k puts BTC treasury companies $10B underwater as one major firm is braces for a $27B disaster
Bitcoin’s (BTC) slide to as low as $60,233 in a single day, earlier than recovering considerably to $65,443, has left a lot of the largest pure-play Bitcoin treasury companies deeply underwater on their holdings, with mixed unrealized losses approaching $10 billion throughout eight entities that collectively management greater than 850,000 BTC. The reckoning hits hardest…
