Too big to fail: Strategy’s $13 billion bitcoin paper loss alone dwarfs hundreds of prominent tokens
Strategy’s paper loss exceeds the market caps of hundreds of tokens, highlighting the extreme concentration of risk in the crypto market right now.
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Summary
- Strategy (MSTR) is sitting on more than $13 billion in unrealized bitcoin losses.
- The company’s bitcoin paper loss now exceeds market caps of hundreds of tokens, including dogecoin and many DeFi, privacy and oracle projects, such as Monero, Cardano and Chainlink
- The size of the paper loss underscores the risks and opportunity costs of locking corporate capital into a single asset.
