How much did the big players lose in crypto? Amid the massive #crypto market selloff, major institutional investors are sitting on enormous unrealized losses: ▸ Strategy: -$11B in $BTC ▸ BitMine: -$9.5B in $ETH ▸ SharpLink: -$1.6B in $ETH ▸ Metaplanet: -$1.4B in $BTC ▸ Forward Industries: -$1.1B in solana:So11111111111111111111111111111111111111112 These are unrealized losses for now — but here's the catch: Strategy carries significant debt obligations that may force them to liquidate $BTC reserves to cover them. That kind of forced selling could add serious downward pressure on an already fragile market. Watch this space closely. 👀
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