Bitcoin’s recent slide below the $75,000 level has put fresh pressure on Michael Saylor’s Bitcoin treasury firm, Strategy, resulting in sizable unrealized losses. As the pioneer cryptocurrency struggles to regain momentum, Strategy’s massive Bitcoin holdings have temporarily moved underwater, highlighting the impact of short-term market volatility on even the largest institutional holders.
According to data shared by on-chain analytics platform Lookonchain, Strategy currently holds approximately 712,647 BTC, accumulated at an average purchase price of around $76,037 per coin. With Bitcoin briefly falling below this level, the company is now facing unrealized losses exceeding $900 million. While this figure may appear significant, it remains a paper loss, as Strategy has not sold any of its Bitcoin and has historically maintained a long-term holding approach.
At the time of writing, the Bitcoin price is trading near $75,706, reflecting a 3.86% decline over the past 24 hours. The broader trend has also been bearish, with Bitcoin down roughly 13% over the past week and nearly 16% over the last month. Trading activity has softened alongside the price drop, as 24-hour trading volume has fallen about 14% to approximately $63.78 billion, signaling cautious sentiment among market participants.
Despite the downturn, analysts note that Strategy is not facing liquidation risk. The company’s Bitcoin holdings are not pledged as collateral, and there is no indication of forced selling pressure. In fact, Michael Saylor has once again hinted at continued Bitcoin accumulation. Over the weekend, he posted his familiar “More Oranges” message on X, a phrase widely interpreted as a signal of an upcoming Bitcoin purchase announcement, typically made on Mondays.
Meanwhile, Strategy’s stock has shown relative resilience. MSTR shares closed the most recent trading session at $149.71, up 4.55%, suggesting ongoing investor confidence in the firm’s long-term Bitcoin strategy. This comes even as critics, including long-time Bitcoin skeptic Peter Schiff, continue to question the company’s aggressive accumulation approach.
Overall, while Bitcoin’s price correction has pushed Strategy into unrealized losses for now, the firm’s unwavering commitment to its Bitcoin treasury strategy underscores its long-term conviction in the asset’s future value.
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