Strategy reports more than $14 billion unrealized loss as bitcoin remains stuck in tight range

From sherwood.news

Strategy reported in an 8-K filing today a $14.46 billion unrealized loss in its first quarter, following bitcoin’s descent over the past three months. This didn’t deter Strategy from stacking more bitcoin it also announced acquiring 4,871 bitcoin, bringing its total to 766,970 bitcoin. Bitcoin briefly crossed $70,000 early Monday morning, its highest level since March 25, but fell back to the $69,000 range shortly after, a level it’s spend a lot of time at lately. Macro and geopolitical narratives continue to dictate bitcoin’s trajectory. “BTC continues to function as a residual indicator of risk appetite, ... (full story)