Key Insights:
- Strategy’s 712,647 BTC now sits in loss as Bitcoin trades below average buy price.
- Michael Saylor hints at fresh BTC purchases despite $900M unrealized losses.
- MSTR stock climbs 4.55%, showing investor confidence amid falling Bitcoin prices.
Bitcoin’s fall below $75,000 has pushed Michael Saylor’s firm, Strategy, into an unrealized loss of over $900 million. The company holds 712,647 BTC, bought at an average cost of $76,037 per coin. With the current market price below this level, the entire holding now sits below water on paper.
According to data shared by Lookonchain, Strategy’s position turned negative after Bitcoin dropped to a daily low under $75,000. At the time of writing, Bitcoin is priced at $75,706, marking a 24-hour drop of 3.86%. Over the last week, it has fallen by 13%, and 16% over the past month.
Saylor Hints at More Bitcoin Buys
On Sunday, Michael Saylor posted “More Oranges” on social media, a phrase he has previously used before announcing new Bitcoin purchases. While no official update has followed yet, the post has drawn attention as it matches a familiar pattern.
In earlier cycles, these weekend posts were often followed by Strategy confirming a new BTC purchase early the next week. It remains to be seen whether a similar move will follow this time.
MSTR Stock Moves Higher Despite BTC Dip
Strategy’s stock, MSTR, closed 4.6% higher at $149.71, even as Bitcoin lost value. The move surprised some observers, considering the firm’s Bitcoin-focused balance sheet.
Peter Schiff, known for criticizing Bitcoin, commented on the situation. “They spent over $52 billion on Bitcoin, yet the stock is still down 70% from its peak,” he said.
No Debt Pressure on Strategy’s BTC
Even with the price drop, analysts say Strategy’s Bitcoin is not under threat of liquidation. The coins are not tied to loans or used as collateral. This gives the company flexibility to hold through downturns without selling.
Bitcoin trading activity has also slowed. Volume in the last 24 hours dropped by 14%, with total daily turnover now at $63.78 billion.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Source: https://coincu.com/news/bitcoin-below-75k-saylors-900m-loss/