British companies flock to invest in Bitcoin, with losses exceeding £80 million.

[UK companies flock to invest in Bitcoin, losses exceed £80 million] At the beginning of this year, driven by the soaring price of Bitcoin and the high demand from investors for investment in American “Bitcoin asset management companies” (such as Strategy), many UK companies have followed suit in laying out Bitcoin investment strategies. During a wave of rally this summer, Strategy's market capitalization once exceeded $127 billion (equivalent to £95 billion). However, according to calculations by The Daily Telegraph, many British companies that followed the trend entered the market precisely when the Bitcoin market was approaching its peak. A total of 13 listed companies in the UK invested approximately £364 million to purchase nearly 4,300 Bitcoins, with an average buying price of $113,105 (equivalent to £85,076). Last Friday, the trading price of Bitcoin was $87,950, down 22% from the average purchase price mentioned above. In addition, the £40 million loss caused by the cryptocurrency company Satsuma selling assets has resulted in these companies accumulating a total loss of approximately £79.1 million in Bitcoin investments.