Matthew Anderson (matta94)
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Good night😴
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Bitcoin dropped to a 15‑month low on Thursday, sending Strategy into the red with over $4 billion in unrealized losses. The cryptocurrency slid to around $67,000, marking its weakest level since late 2024 and leaving Strategy’s 713,502 BTC holdings deeply underwater. Investor Michael Burry warned that a further decline could trigger a “death spiral” for the company and push many bitcoin miners toward bankruptcy. Strategy’s shares also tumbled, hitting a 16‑month low after shedding more than 70% from their November 2024 peak, just a day before the firm’s fourth‑quarter earnings report.
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My second attempt at a fresh start on Farcaster!
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Gm! Wish you a wonderful weekend, guys!🙌
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