Bitcoin Dips to $60K: Treasury Firms Face $10 Billion Losses

Bitcoin's recent drop to $60,233 has resulted in nearly $10 billion in unrealized losses for treasury firms, with one major entity anticipating a $27 billion hit.

The recent decline of Bitcoin (BTC) to a low of $60,233 has caused significant financial distress for major Bitcoin treasury firms. Although the cryptocurrency has bounced back to around $65,443, many of these companies are now grappling with substantial unrealized losses, estimated at nearly $10 billion combined across eight firms that manage over 850,000 BTC.

The most severe impact is being felt by the leading firms in this sector. One firm, which was previously a frontrunner in the market, is reportedly preparing for a staggering $27 billion disaster as the market dynamics shift.