I just had a look: XXI formerly CEP went from "paper bitcoin summer" high of 50 to now ~9.

that's a drop of 80%

his investors should consider themselves lucky.

Smarter Web Co TSWCF went from 9$ to 0.45

a drop of 94%

even the $MSTR with fully fledged strategy went down

66%

ASST: 94% down

Metaplanet: 77% down

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to me it looks like he saved his investors from a further 14-16% drop experienced by the other new companies.