🚨 Strategy’s Bitcoin holdings post their first unrealized loss in nearly three months! 849,000 BTC fall below cost basis—is $70,000 in danger? ₿📉🔥
📅 2026/11/09｜The world’s largest publicly traded corporate BTC holder is under pressure!
💰 ① How large are Strategy’s holdings?
🟡 BTC held: 849,327
🟡 Average cost: $75,451
🟡 Total invested: approximately $64.08 billion
🟡 Share of total BTC supply: approximately 4.04%
📉 ② First unrealized loss in nearly three months!
BTC briefly fell to approximately $73,731.
🔴 Below cost per coin: approximately $1,720
🔴 Estimated unrealized loss on paper: approximately $1.46 billion
⚠️ Unrealized losses fluctuate with the price of BTC and do not represent realized losses!
🏦 ③ Will Strategy be forced to sell its coins?
There is currently no evidence that falling below the average cost will trigger forced liquidation.
The company previously disclosed:
✅ BTC is not pledged as collateral for loans
✅ Approximately $4.79 billion in cash reserves
However, preferred stock dividends, financing costs, and cash flow still warrant attention.
📊 ④ Why is the market paying so much attention?
Strategy has long raised funds by issuing shares and other securities to buy BTC.
If BTC continues to fall and MSTR shares come under pressure, its ability to raise funds and accumulate more BTC in the future could be affected.
🔎 ⑤ What to watch in the market next
🎯 Can BTC regain and hold above $75,451?
🎯 Can support at $73,000 hold?
🎯 If it fails, will BTC test $70,000 next?
🎯 Will MSTR shares continue to underperform BTC?
🎯 Will Strategy keep accumulating, or slow its buying?
🎯 Can spot BTC ETFs stem their outflows?
🔍 Latest data check
As of November 1, Strategy held 849,327 BTC; on November 9, the price fell below its average cost, putting the holdings underwater. The actual unrealized loss depends on the real-time price.
💡 My take
I don’t think Strategy falling below its cost basis means BTC is certain to crash.
What’s truly concerning is that if ETF outflows continue, corporate accumulation slows, and BTC also breaks below key support, the market could lose two important sources of buying pressure.
🎯 A whale’s cost basis is not the market’s floor; what truly supports prices is always capital willing to keep entering the market!
$BTC
$ETH
#strategy比特币持仓近三个月首现浮亏
📅 2026/11/09｜The world’s largest publicly traded corporate BTC holder is under pressure!
💰 ① How large are Strategy’s holdings?
🟡 BTC held: 849,327
🟡 Average cost: $75,451
🟡 Total invested: approximately $64.08 billion
🟡 Share of total BTC supply: approximately 4.04%
📉 ② First unrealized loss in nearly three months!
BTC briefly fell to approximately $73,731.
🔴 Below cost per coin: approximately $1,720
🔴 Estimated unrealized loss on paper: approximately $1.46 billion
⚠️ Unrealized losses fluctuate with the price of BTC and do not represent realized losses!
🏦 ③ Will Strategy be forced to sell its coins?
There is currently no evidence that falling below the average cost will trigger forced liquidation.
The company previously disclosed:
✅ BTC is not pledged as collateral for loans
✅ Approximately $4.79 billion in cash reserves
However, preferred stock dividends, financing costs, and cash flow still warrant attention.
📊 ④ Why is the market paying so much attention?
Strategy has long raised funds by issuing shares and other securities to buy BTC.
If BTC continues to fall and MSTR shares come under pressure, its ability to raise funds and accumulate more BTC in the future could be affected.
🔎 ⑤ What to watch in the market next
🎯 Can BTC regain and hold above $75,451?
🎯 Can support at $73,000 hold?
🎯 If it fails, will BTC test $70,000 next?
🎯 Will MSTR shares continue to underperform BTC?
🎯 Will Strategy keep accumulating, or slow its buying?
🎯 Can spot BTC ETFs stem their outflows?
🔍 Latest data check
As of November 1, Strategy held 849,327 BTC; on November 9, the price fell below its average cost, putting the holdings underwater. The actual unrealized loss depends on the real-time price.
💡 My take
I don’t think Strategy falling below its cost basis means BTC is certain to crash.
What’s truly concerning is that if ETF outflows continue, corporate accumulation slows, and BTC also breaks below key support, the market could lose two important sources of buying pressure.
🎯 A whale’s cost basis is not the market’s floor; what truly supports prices is always capital willing to keep entering the market!
$BTC
$ETH
#strategy比特币持仓近三个月首现浮亏
