Bitcoin meltdown: Strategy stock tanks over 60%; retail ETF wipe-outs spark fresh fears for major benchmarks

Investors who followed Michael Saylor's Bitcoin strategy are now facing heavy losses. Strategy Inc.'s stock has seen a sharp decline, causing leveraged funds tied to it to unwind. This has erased previous gains and is impacting asset retention for funds tracking the company's volatile Bitcoin bets.

Bitcoin meltdown: Strategy stock tanks over 60%; retail ETF wipe-outs spark fresh fears for major benchmarks
Investors who followed Michael Saylor's Bitcoin strategy are now facing heavy losses. Strategy Inc.'s stock has seen a sharp decline, causing leveraged funds tied to it to unwind. This has erased previous gains and is impacting asset retention for funds tracking the company's volatile Bitcoin bets.