Bitcoin meltdown: Strategy stock tanks over 60%; retail ETF wipe-outs spark fresh fears for major benchmarks
Investors who followed Michael Saylor's Bitcoin strategy are now facing heavy losses. Strategy Inc.'s stock has seen a sharp decline, causing leveraged funds tied to it to unwind. This has erased previous gains and is impacting asset retention for funds tracking the company's volatile Bitcoin bets.
Investors who followed Michael Saylor's Bitcoin strategy are now facing heavy losses. Strategy Inc.'s stock has seen a sharp decline, causing leveraged funds tied to it to unwind. This has erased previous gains and is impacting asset retention for funds tracking the company's volatile Bitcoin bets.
