Strategy Fund Takes $8.2 Billion Hit Amid Bitcoin Price Drop
The Strategy (MSTR) fund has reported an $8.2 billion loss in Q2, largely attributed to the decline in Bitcoin (BTC) price.
The drop in BTC value is not surprising given its price fell significantly during the quarter under review.
The exact details of the loss are unclear and CoinDesk's inquiry was met with a statement that they were unable to provide further information on the matter.