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Bitcoin Plummeted, Causing 43 Institutions to Lose Tens of Billions of Dollars, and Tesla, Meitu and Other Speculators Suffered Losses

By WebsCryptoMay 10, 20222 Mins Read
Bitcoin Plummeted, Causing 43 Institutions to Lose Tens of Billions of Dollars, and Tesla, Meitu and Other Speculators Suffered Losses
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Data shows that up to now, including Grayscale Investments, a total of 43 companies or institutions hold 1,225,600 Bitcoins. This round of Bitcoin’s decline has fallen below the cost price of Bitcoin by many institutions or companies. At around 13:00 on May 10, Bitcoin temporarily reported $30,878. Since the Federal Reserve announced interest rate hikes on May 4, it has fallen by tens of thousands of dollars, which means that the Bitcoin held by these institutions and companies has evaporated by more than $12 billion. .

According to public information, at a price of $30,800 in Bitcoin, 12 institutions or companies, including Tesla, currently hold Bitcoin at a loss. Among them, AKer ASA lost $21.62 million, Meitu lost $19.75 million, and Plunwra lost $16.95 million, ranking the top three.

In addition, Tesla holds 40,900 Bitcoins, with an average holding price of $32,000. In addition, the collapse of cryptocurrencies has also affected stocks related to the industry. As the price of Bitcoin fell, it once fell below the cost price of MicroStrategy at $30,700 per piece, and the company’s holdings also suffered losses. At the same time, MicroStrategy stock also fell 25.55% at the close of the morning this morning, at $219.05. Other cryptocurrency stocks have similarly plunged recently.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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