Bitcoin is currently trading near the strategy's entry point.
With the market continuing its decline, although there have been short-term rebounds, there's a lack of genuine upward momentum, and even institutional investors are starting to experience losses.
If Bitcoin drops another 10% within a week, Michael Saylor's strategy will follow in Bitmine's footsteps, suffering losses of approximately $5.43 billion.
Currently, digital gold is only about 2.8% higher than Saylor's average entry point, and is up 0.5% today.
Will this strategy's Bitcoin position ultimately become one of the biggest losses in history, or will the cryptocurrency market eventually rebound?