KOSPI Plunges Over 6% While Strategy Reports $9.9B Unrealized Bitcoin Loss
2026-07-16 19:30

Woofun AI reports that the KOSPI index fell more than 6% alongside a broader decline in Japanese equities, following South Korea's increase of single-stock leveraged trading margins to 30 million won. Strategy disclosed holdings of approximately $55 billion in Bitcoin and $3 billion in cash, reflecting an unrealized loss of nearly $9.9 billion.

Meanwhile, the U.S. Senate unanimously rejected pardoning FTX founder SBF, Ostium trading stays suspended with frozen user margins, and the House Financial Services Committee scheduled a hearing on the CLARITY Act.

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Tags:
Bitcoin
SBF
Deng Yu
Wang Hong
John Patten
Jacob Chimelman
FTX
Polymarket
DeepSeek
Strategy
Ostium
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