Major virtual assets are on the rise.
As of 9:05 am on the 26th, based on Bithumb, Bitcoin (BTC) rose 2% from the previous day to 12,902 million won. Ethereum (ETH) rose 5.07% to 36,280,000 won, XRP rose 6.98% to 3,373 won, BNB rose 3.57% to 909,500 won, and Solana (SOL) recorded 210,000 won, up 6.65%.
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The international market is mixed.
At the same time, on CoinMarketCap, BTC recorded $88,484.07, down 3.42% from the previous day. ETH fell 0.83% to $2,493.96, XRP rose 0.71% to $2.32, BNB rose 0.97% to $623.1, and SOL traded at $144.43, up 1.05%.
The total market capitalization of virtual assets decreased by 1.69% from the previous day to about $2.93 trillion (about 419.16 trillion won). The Crypto Fear and Greed Index of alternative.me, a virtual asset data company, fell 4 points from the previous day to 21 points, indicating 'extreme fear'.
As the BTC price adjustment continues, the stock price of Strategies has fallen by about 16% from the beginning of the year.
According to CoinTelegraph on the 26th, the stock price of Strategies closed at $250.51 the previous day, down 16.5% from the beginning of the year. This is due to the sharp drop in BTC prices the previous day, which fell below $90,000 for the first time in 3 months. Other companies that have adopted a similar BTC asset strategy to Strategies have also shown a downward trend in their stock prices. The stock price of Saylor Scientific, which started buying BTC since last year, has fallen more than 20% this year.
Since 2020, Strategies has invested about $33 billion (about 47.19 trillion won) raised through the issuance of stocks and convertible bonds in BTC purchases. Strategies' average BTC purchase price is $66,000, and the unrealized profit is over $10 billion. Experts analyzed that since most of Strategies' convertible bonds mature after 2027, the possibility of asset sales due to short-term BTC price declines is low. Cobeisi Letter predicted that "for Strategies to have to sell BTC, BTC prices would have to fall more than 50% from current levels and remain in a downward trend until 2027."
- Reporter Kim Jung-woo
- woo@decenter.kr
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