ME News 消息，3 月 12 日（UTC+8），受 Across Protocol 转型消息影响，ACX 上涨至 0.0644 美元，回到了去年 11 月的价格；而地址 0xDf5…2A0D5 作为链上持仓 TOP1 地址（除交易所和项目方），其提出价格为 0.3655 美元，几乎是币价峰值，不过真实成本暂不可知。 他持有的 5199 万枚代币当时价值 1900 万美元，目前缩水至 341 ...

ME News 消息，3 月 12 日（UTC+8），受 Across Protocol 转型消息影响，ACX 上涨至 0.0644 美元，回到了去年 11 月的价格；而地址 0xDf5…2A0D5 作为链上持仓 TOP1 地址（除交易所和项目方），其提出价格为 0.3655 美元，几乎是币价峰值，不过真实成本暂不可知。他持有的 5199 万枚代币当时价值 1900 万美元，目前缩水至 341 万美元。（来源：ME）

数据：尽管 ACX 单日暴涨 93%，链上第一大持仓地址或仍需 5.66 倍涨幅方能回本

According to ME News, on March 12th (UTC+8), influenced by the news of Across Protocol's transformation, ACX rose to $0.0644, returning to its price level from last November. The address 0xDf5…2A0D5, as the top-ranked address holding ACX on-chain (excluding exchanges and project teams), offered $0.3655, almost at the peak price, although its true cost is currently unknown. Its 51.99 million tokens were then worth $19 million, but have now shrunk to $341 million...

According to ME News, on March 12th (UTC+8), influenced by the news of Across Protocol&#39;s transformation, ACX rose to $0.0644, returning to its price from last November. The address 0xDf5…2A0D5, the top holder of tokens on-chain (excluding exchanges and project teams), offered $0.3655, almost at the peak price, although its true cost is currently unknown. Its 51.99 million tokens were worth $19 million at the time, but have now shrunk to $3.41 million. (Source: ME)

Data: Despite ACX's 93% surge in a single day, the largest on-chain holding address may still need a 5.66-fold increase to break even.

Author: Heart of Computing Power

Recently, MicroStrategy (Strategy) released its Q4 2025 financial report, which once again shocked Wall Street.

If you only look at the figures, they are simply staggering: a net loss of $12.4 billion in a single quarter, equivalent to a loss of $42.93 per share.

In the same period last year, their net loss was only $670.8 million, meaning the loss has increased more than 18 times year-on-year.

But behind this alarming facade lies founder Michael Saylor's "Bitcoin Treasury Strategy."

However,...

The gamble behind the massive loss of 12.4 billion: Is Strategy turning itself into a "risk amplifier" for Bitcoin?

This article is from Kyle Samani.
Compiled by Odaily Odaily(@OdailyChina); Translated by Azuma (@azuma_eth)
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Kyle Samani is back: This time, we're going to eliminate CEX in terms of efficiency!

Editor's Note: Amidst heightened macroeconomic uncertainty and persistently low sentiment in the crypto market, an intriguing divergence is emerging: investor sentiment remains in the "extreme fear" range, yet some asset prices are beginning a slow upward trend.

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