CoinDesk reported that Strategy's unrealized loss on BTC has exceeded Dogecoin's market capitalization. Strategy's unrealized loss is approximately $13 billion, while Dogecoin's market cap is around $11.5 billion. Not only Dogecoin, but also the market capitalization of other major coins such as ADA, XMR, LINK, BCH, LTC, UNI, and NEAR is less than Strategy's loss. Experts point out that this abnormal structure goes against the fundamental direction of the virtual asset ecosystem. The criticism is that a single listed company, Strategy, monopolizing a significant portion of the market supply has directly transplanted the 'too big to fail' risk of traditional financial markets into the crypto market. Strategy currently holds approximately 844,000 BTC, with an average purchase price of around $75,600.
