The boss's crypto project of Strategy has been severely impacted by a loss of $12.4 billion
Strategy Inc. (formerly MicroStrategy) was severely impacted by the price of Bitcoin falling below $65,000, resulting in a net loss of $12.4 billion in the fourth quarter. The company faces significant risks due to its large holdings of Bitcoin, and recent market turbulence has caused its Bitcoin reserves to fall below the cumulative cost basis for the first time, erasing all gains since 2023
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