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Michael Saylor’s firm, Strategy, reported a loss A total of 12.4 billion dollars For the fourth quarter, it was mainly driven by a loss of value on its main Bitcoin market. The loss occurred as Bitcoin briefly fell below the $60,000 level, pushing its price below its value for the first time since 2023 and halting the post-election rally in the US last year.
Over the years, Strategy has evolved from a business software company to a stand-alone tool Bitcointaking advantage of the extreme divergence in its price to raise capital and buy more Bitcoin. This trend now seems to be on the decline. The company did not announce any new issuance of equity or debt funds along with its earnings results, which indicate an increase in revenue opportunities while investor appetite is waning.
Although Saylor confirmed that there have been no calls to the limit and that the company has $2.25 billion in cash, enough to cover the obligation of interest for more than two years, the pressure is rising when Bitcoin continues to sell below the average company’s purchase price of $76,052. The company reiterated that it does not expect to make a profit in the future.
Strategy holds 713,502 bitcoins worth $46 billion
The channel currently has more than 713,000 bitcoins, worth about $46 billion, according to Bloomberg data. Although the company added $ 75.3 million in Bitcoin at the end of January, experts say that the growing brand is in trouble. Mark Palmer, an analyst at Benchmark, told Bloomberg that investors are now looking to see if Strategy can raise funds to buy more bitcoin as the market worsens.
Criticism from critics increased. As the previous report said Michael Barry is conservative A continued decline in Bitcoin could lead to significant losses for business owners, concerns that have long been raised by short sellers regarding the method’s reliance on financial and non-deliverable assets. Shares of Strategy are now down nearly 80% from their peak in November 2024, showing how quickly sentiment can change.
Bitmine is facing an 8.2 billion dollar investment while Ethereum falls below $2,000
Venture capital company BitMine Technologies also faced unrealized losses of about $8.2 billion after the price fell. Ethereum from Ethereum price today to about $1,930, which is below the company’s purchase price of $3,826 per share. The company has about 4.29 million Ethereum, worth about $ 16.4 billion, and has seen the value of these assets decrease after a decrease of about 30% since the beginning of January.
Despite the decline, Beit Mayne rose especially More than 2.9 million ETH, which generates an annual income of $ 188 million, and holds $ 538 million in non-debt funds, sees the return as a buying opportunity, although its shares are below 88% from their peak in July, recovering the losses seen on the Michael Saylor Strategy.
A note Strategy predicts a loss of $12.4 billion when Bitcoin falls below its purchase price appeared for the first time Cryptonews Arabic.
