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Strategy’s Bitcoin Bet Falls Into $11 Billion Paper Loss
Strategy’s Bitcoin holdings have moved deep into paper-loss territory after BTC fell below the company’s average purchase price, renewing scrutiny of Michael Saylor’s corporate Bitcoin treasury model. The company holds 843,706 Bitcoin acquired at an average price of $75,699 per coin, with a total cost basis of $63.8 billion. The latest downturn pushed the market value of that reserve to about $52.6 billion, leaving Strategy with an unrealized loss of roughly $11.2 billion, according to the company’s dashboard. The decline matters because Strategy’s investment case has become closely tied to its ability to ... (full story)