Bitcoin slipping under $69,500 felt like a crack but for #strategy , it landed heavy. Michael Saylor’s fortress-sized stack, all 713,502 $BTC of it, is now staring at an unrealized loss north of $4.6 billion. Yup… billion, with a “B”.

On paper, that pile still looks massive, still intimidating. But the numbers don’t lie, and right now they’re bleeding red.

But we guess that they are familiar with this, absorb it, live with it, wait it out. They’ve been here before, maybe worse.

Markets dip, headlines scream, timelines shake and somewhere in the background, that #BTC holdings just sits there, heavy, unmoving… daring the market to blink first.

BTCUSDT

Perp

65,842.2

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