Bitcoin losses are piling up for companies that added the crypto to their balance sheet. Here's what the recent crash has cost Tesla, Microstrategy, and Block.
markets.businessinsider.com
The losses for Block and Tesla aren’t that bad for how big each company is. The entire hype of their Bitcoin holding is just that. Hype with no basis in reality. Even if Bitcoin drops again in half, Tesla being worth $600B+ in this climate is crazier than an $800B unrealized Bitcoin loss. Same with Block having a $35B market cap and $80M in unrealized losses.
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