Strategy is “underwater” by $6.85 billion on paper. Bitcoin fell to around $67,400 today, leaving the 850,364 BTC held by Michael Saylor’s company — acquired at a total cost of $64.16 billion, at an average price of $75,456 per BTC, according to an 8-K filing submitted to the SEC on 9/11 — worth only about $57.31 billion, an unrealized loss of around 10.7% on its investment. Strategy hasn’t sold a single coin, so this is only a paper loss.
Adding to the pressure: MSCI will remove Strategy from its U.S. indexes starting 30/11, and JPMorgan estimates passive outflows of around $2.8 billion. MSTR shares closed Friday at $111.62, down 44% over the past year. Last week, the company bought another 1,036 BTC at an average price of $79,012 — also now at a loss. Monday’s 16/11 8-K report will show whether it bought more.
The biggest decliner today was $BAT (Basic Attention Token), down 15.88% to around $0.1048, with a market cap of about $156.7 million.
BTC is currently around $67,250, and the Fear & Greed Index is at 13 — Extreme Fear. Do you think Strategy will buy more BTC on Monday, or stay on the sidelines and wait for the market to stabilize?
#CryptoNews #Bitcoin #Strategy
This is market information, not investment advice.
Adding to the pressure: MSCI will remove Strategy from its U.S. indexes starting 30/11, and JPMorgan estimates passive outflows of around $2.8 billion. MSTR shares closed Friday at $111.62, down 44% over the past year. Last week, the company bought another 1,036 BTC at an average price of $79,012 — also now at a loss. Monday’s 16/11 8-K report will show whether it bought more.
The biggest decliner today was $BAT (Basic Attention Token), down 15.88% to around $0.1048, with a market cap of about $156.7 million.
BTC is currently around $67,250, and the Fear & Greed Index is at 13 — Extreme Fear. Do you think Strategy will buy more BTC on Monday, or stay on the sidelines and wait for the market to stabilize?
#CryptoNews #Bitcoin #Strategy
This is market information, not investment advice.
