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Michael Saylor’s Crypto Project Hit After $12.4 Billion Loss
Michael Saylor’s crypto venture reported a $12.4 billion loss, renewing concerns over bitcoin-heavy balance sheet strategies.
Michael Saylor’s crypto focused company was hit hard after reporting a $12.4 billion loss, driven by sharp declines in bitcoin prices. Shares fell as investors reacted to valuation pressure and heightened volatility across digital assets.The result renewed scrutiny on aggressive bitcoin accumulation strategies, with analysts warning that leverage and accounting impacts could amplify downside risks during prolonged market downturns for holders and equity-linked crypto vehicles.