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Crypto analyst warns Michael Saylor's Bitcoin strategy risks $11B loss; proposes 3-step rescue plan.

Market News
24 Jun 2026
UToday
View Source
Bearish
pluang ai news

Michael Saylor's company, Strategy, faces an $11 billion unrealized loss on its Bitcoin holdings due to a high average purchase price and a declining market. Crypto analyst Charles Edwards calls the current strategy a "ticking time bomb" reliant on Bitcoin price growth and suggests a three-step plan: repay all debt, stop buying expensive Bitcoin, and transform Strategy into a Bitcoin bank issuing loans backed by liquid collateral. This plan aims to stabilize the company by cleaning up debt, acquiring discounted digital asset treasuries, and generating profit from secure lending. Without restructuring, the company's debt could lead to a financial collapse.

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Bunzl Canada’s Cleaning & Hygiene division earns top Diamond status from Ontario Education Collaborative Marketplace.

Bunzl Canada’s Cleaning & Hygiene division earns top Diamond status from Ontario Education Collaborative Marketplace.

Bunzl Canada's Cleaning & Hygiene division has achieved the Diamond status, the highest recognition from the Ontario Education Collaborative Marketplace (OECM) supplier program for 2025. This honor highlights Bunzl's consistent excellence in service,...

Market News
Bullish
51 minutes ago
European Venture Fair marks 25 years with key talks on energy, AI, and innovation in Zurich

European Venture Fair marks 25 years with key talks on energy, AI, and innovation in Zurich

The European Venture Fair (EVF) celebrates its 25th anniversary on September 9-10, 2026, in Zurich, gathering around 150 investors to discuss major themes like energy, fusion technology, physical AI, and AI's role in venture capital. The event featur...

Others
Neutral
51 minutes ago
Seven Boson launches sovereign AI service enabling nations to control AI without foreign reliance.

Seven Boson launches sovereign AI service enabling nations to control AI without foreign reliance.

Seven Boson Group Ltd. has launched its Sovereign AI Decision Intelligence service, allowing countries to deploy and govern advanced AI independently of foreign providers. This launch coincides with the EU's new legal mandate for AI sovereignty, mark...

Others
Bullish
51 minutes ago
Investec Bank sells 7,893 shares of Treatt Group Plc on June 23, 2026.

Investec Bank sells 7,893 shares of Treatt Group Plc on June 23, 2026.

Investec Bank plc, acting as advisor and joint broker to Treatt Group Plc, disclosed the sale of 7,893 ordinary shares of Treatt on June 23, 2026. The shares were sold at a price of 304 per unit. There were no other dealings in derivatives or additio...

Market News
Neutral
2 hours ago
Sigenergy unveils AI-powered smart solar-storage solutions at Intersolar Europe 2026, advancing clean energy innovation.

Sigenergy unveils AI-powered smart solar-storage solutions at Intersolar Europe 2026, advancing clean energy innovation.

At Intersolar Europe 2026, Sigenergy introduced a full range of AI-integrated smart solar-storage products for homes, commercial, and utility-scale use. Key innovations include the SigenStor Neo all-in-one home energy storage system, scalable commerc...

Market News
Bullish
3 hours ago
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