#strategybitcoinholdingsmoveintounrealizedloss

Strategy's Bitcoin Holdings Slip Into Unrealized Loss

November 9, 2026 — As Bitcoin (BTC) retreats below the key $74,000 to $75,000 threshold, corporate treasury giant Strategy (formerly MicroStrategy) has seen its massive Bitcoin reserves dip below their aggregate cost basis, plunging the company into an unrealized loss (paper loss) of approximately $500 million to $1.2 billion, depending on intraday price swings.

Key Financial Metrics & Portfolio Impact:

• Total Holdings: Strategy maintains the world’s largest corporate treasury stash of Bitcoin, holding approximately 849,327 BTC.

• Average Purchase Price (Cost Basis): Following recent acquisitions, the company's cumulative average acquisition cost sits at approximately $75,451 per coin.

• Market Value vs. Cost: With Bitcoin trading near $74,700, the total market value of the reserves has slipped to roughly $63.58 billion, trailing just beneath its total cost basis of $64.08 billion.

• Strategic Response & Market Reaction: Despite the dip into negative unrealized territory, executive leadership under Michael Saylor has historically maintained a long-term accumulation mandate, relying on capital markets, convertible notes, and equity issuance to fund continuous purchases. However, the short-term paper loss has increased volatility for the company's equity stock (MSTR), which has faced heightened scrutiny alongside broader tech and crypto market corrections.

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