【BitPush】The crypto market flash crash in October left many industry giants' wallets drained.
According to the Bloomberg Billionaires Index, the one who lost the most assets in the past 12 months is Strategy Executive Chairman Michael Saylor—losing directly $2.6 billion, with his net worth dropping from its peak to $3.8 billion. It's quite ironic; Strategy's Bitcoin treasury strategy performed well when Bitcoin hit a new high in early October, but as Bitcoin retreated, Strategy's stock price was cut in half from its peak, and Saylor's personal wealth evaporated by nearly $6 billion.
Saylor is not fighting alone. Gemini co-founders Cameron and Tyler Winklevoss, along with CZ, all suffered significant losses during the October crash. CZ's net worth has decreased by about 5% since early 2025, which doesn't seem like a big drop, but that is