Strategy’s Bitcoin holdings show an unrealized loss of about $6.85 billion
Bitcoin fell to about $67,400 on November 14, widening the paper loss on Strategy’s (formerly MicroStrategy) Bitcoin holdings to about $6.85 billion. According to an 8-K filing the company submitted to the U.S. Securities and Exchange Commission on November 9, it held 850,364 bitcoins as of November 8, at a total cost of $64.16 billion and an average cost of about $75,452 per coin. At the current price, the holdings are worth about $57.31 billion.
Strategy has not sold its holdings at the current price; the unrealized loss exists only on paper and changes as prices fluctuate. Bitcoin has fallen more than 18% this month, down about 46.6% from its all-time high of around $126,080 on October 6.
MSCI has confirmed that it will remove Strategy from the MSCI USA Index. The change will take effect after the market close on November 30 and is expected to trigger about $2.8 billion in passive selling by index funds. Strategy’s next weekly 8-K filing is expected on November 16. (Source: The Crypto Times, SEC 8-K filing, November 14)
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Bitcoin fell to about $67,400 on November 14, widening the paper loss on Strategy’s (formerly MicroStrategy) Bitcoin holdings to about $6.85 billion. According to an 8-K filing the company submitted to the U.S. Securities and Exchange Commission on November 9, it held 850,364 bitcoins as of November 8, at a total cost of $64.16 billion and an average cost of about $75,452 per coin. At the current price, the holdings are worth about $57.31 billion.
Strategy has not sold its holdings at the current price; the unrealized loss exists only on paper and changes as prices fluctuate. Bitcoin has fallen more than 18% this month, down about 46.6% from its all-time high of around $126,080 on October 6.
MSCI has confirmed that it will remove Strategy from the MSCI USA Index. The change will take effect after the market close on November 30 and is expected to trigger about $2.8 billion in passive selling by index funds. Strategy’s next weekly 8-K filing is expected on November 16. (Source: The Crypto Times, SEC 8-K filing, November 14)
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