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Saylor’s Strategy to Register $5.9 Billion Loss After Accounting Change

(Bloomberg) -- Michael Saylor’s Strategy said it will register an unrealized $5.9 billion loss in the first quarter after adopting an accounting change that requires valuing the digital asset at market prices. Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersBoston Mayor Wu Embraces Trump Resistance as Campaign Heats UpThis Skinny Mexico City Tower Is Just 14 Feet Wide on One SideThe Irish Hot Press Is the Low-Tech Laundry Trick the World NeedsTrump Order on CDFI Fund R

US crypto stocks slip as bitcoin hits new 2025 low

(Reuters) -U.S.-listed shares of crypto companies tumbled on Monday, mirroring a sharp drop in bitcoin as escalating tariff tensions and fears of a global trade war triggered a broad retreat from risk assets. Bitcoin fell as much as 5.5% to hit its lowest in 2025. The pair have surrendered most of their gains since Donald Trump's victory in November, reflecting the challenges the industry is facing months after it rallied on the president's promise to make the U.S. "the crypto capital of the planet".