Even the biggest Bitcoin buyer is underwater now.
Strategy (Michael Saylor's company) holds 850,364 BTC — bought for $64.16B, an average of $75,456 per coin, per its Nov 9 SEC filing.
With $BTC now at ~$65,400, that stack is worth ~$55.7B — a paper loss of roughly $8.5B. Its latest buy (1,036 BTC at $79,012) is down ~17%.
And MSCI just dropped MSTR from its flagship US index, forcing ~$2.8B of index-fund selling by Nov 30.
The loss is unrealized — Strategy hasn't sold. But when the loudest buyer of the cycle sits 13% underwater, spot traders watch $75,456 as the line to reclaim.
BTC bounced off $62,006 to ~$65,400 today. Fear & Greed still at 10.
Not financial advice. DYOR.
#Bitcoin #Crypto
Strategy (Michael Saylor's company) holds 850,364 BTC — bought for $64.16B, an average of $75,456 per coin, per its Nov 9 SEC filing.
With $BTC now at ~$65,400, that stack is worth ~$55.7B — a paper loss of roughly $8.5B. Its latest buy (1,036 BTC at $79,012) is down ~17%.
And MSCI just dropped MSTR from its flagship US index, forcing ~$2.8B of index-fund selling by Nov 30.
The loss is unrealized — Strategy hasn't sold. But when the loudest buyer of the cycle sits 13% underwater, spot traders watch $75,456 as the line to reclaim.
BTC bounced off $62,006 to ~$65,400 today. Fear & Greed still at 10.
Not financial advice. DYOR.
#Bitcoin #Crypto