Strategy or Binance: Who’s Sitting on More Unrealized Bitcoin Losses? CryptoQuant Weighs In
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Strategy, a business intelligence and Bitcoin treasury firm, executed its largest BTC sale this week, prompting scrutiny of how deeply the firm is underwater on unrealized losses. CryptoQuant analyst Darkfost compared Strategy’s Bitcoin unrealized losses to Binance’s, noting both entities hold hundreds of thousands of BTC in reserves and raising concerns about treasury risk, market supply and crypto market impact.
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As the business intelligence and Bitcoin treasury company Strategy just carried out its largest BTC sale this week, analysts are comparing just how deeply the firm is underwater.
CryptoQuant analyst Darkfost reviewed Strategy’s Bitcoin unrealized losses compared to those of the world’s largest crypto exchange, Binance, in their latest report. This is because both entities are major BTC holders, with hundreds of thousands of digital assets sitting in their reserves.
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