Strategy paper loss hits $9.7B
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- Strategy reported holdings of 846,842 Bitcoin worth about US$54.3 billion, resulting in an estimated US$9.7 billion unrealised loss.
- Investors are debating whether Bitcoin could fall into the US$40,000 to US$50,000 range, which many view as a potential accumulation zone.
- A recent social media post from executive chairman Michael Saylor has fuelled speculation that the company could announce additional Bitcoin purchases.
Strategy holds 846,842 Bitcoin (CRYPTO:BTC) valued at about US$54.3 billion, leaving the company with an estimated unrealised loss of US$9.7 billion based on its reported average purchase price of US$75,658 per Bitcoin.
The update comes as investors debate whether Bitcoin could decline into the US$40,000 to US$50,000 range, with some traders identifying that level as a potential buying opportunity while others continue accumulating at current prices.
“Everyone now wants to buy Bitcoin between US$40,000 and US$50,000,” said crypto analyst Michaël van de Poppe.
Van de Poppe said that when large numbers of investors target the same correction level, those expectations often fail to materialise, noting that similar calls previously emerged when Bitcoin traded near US$85,000 and investors were targeting US$60,000.
Attention has also shifted to Strategy after executive chairman Michael Saylor shared a chart of the company's Bitcoin holdings and wrote that “it looks better with more points”, prompting speculation about additional purchases; following the announcement the Strategy share price was unavailable.
Strategy's disclosed Bitcoin holdings have a reported cost basis of US$64.07 billion, compared with a current estimated market value of US$54.3 billion, resulting in a paper loss of about 15%.
The company, formerly known as MicroStrategy, remains one of the largest corporate holders of Bitcoin and its acquisition strategy is closely monitored by investors assessing institutional demand for digital assets.
At the time of reporting, Bitcoin price was $63,642.59.
