🕕 Michael Saylor goes deep into the red — -$4.4 billion.

📉 The drop of Bitcoin below $70k has hit the most famous holder of the market hard. With an average entry price of about $76k, MicroStrategy's portfolio has confidently gone into the dark red zone.

Saylor, who preached "never sell" for years, is now watching an unrealized loss of nearly $4.4 billion. On the balance sheet — 713k #BTC $BTC , and this behemoth no longer looks like a beacon of hope, but rather a weight on the company's feet.

😐 The most unpleasant scenario is still ahead: if it comes to either realizing the loss or going back into debt and averaging down to avoid upsetting investors.

Meanwhile, the retail investor is going crazy over their losses of $100, while whales quietly lose amounts comparable to the budgets of small countries.