Bitcoin24h $68,824.49-2.58%

Ethereum24h $2,082.54-3.33%

BNB24h $629.61-2.01%

XRP24h $1.39-3.04%

Solana24h $87.39-2.63%

TRON24h $0.3145+1.84%

Dogecoin24h $0.0915-2.93%

Hyperliquid24h $38.07-4.81%

Bitcoin Cash24h $468.46+0.21%

Cardano24h $0.2556-3.19%

Top crypto execs cash in as stocks collapse

Compensation to executives of crypto companies has remained high, no matter how poorly their stock prices perform.

Tom Lee’s BitMine is performing as bad as Strategy

Shares of the world’s largest publicly traded ETH treasury company, BitMine Immersion Technologies, have crashed by over 80% since June 3.

Jim Chanos profited by shorting the premium of MSTR to its BTC, but he missed out on the final, exceptionally profitable leg of that trade.

Based on Michael Saylor’s most recently disclosed MSTR and BTC holdings, his personal losses likely exceed $4B in the past six months.

Strategy investors panicked into trades after fake news about the company selling BTC earned millions of social media impressions.