Michael Saylor’s Strategy Faces $900M Unrealized Loss as Bitcoin Hovers Near $75K

Coingapestaff
2 hours ago
Coingapestaff

Coingapestaff

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
michael saylor's strategy faces loss

Highlights

  • Strategy holds 712,647 BTC, now facing $900M unrealized losses as BTC drops below $75K.
  • Michael Saylor hints at fresh Bitcoin purchases via “More Oranges” posts.
  • Despite BTC decline, MSTR stock rises 4.55%, showing investor confidence.

The pioneer cryptocurrency’s recent dip below the $75k level has pushed Michael Saylor’s Bitcoin treasury firm, Strategy, into unrealized losses. The company, which boasts more than 712,000 BTC, is now sitting at an unrealized loss of over $900 million as the Bitcoin price continues to slip.

Strategy Slips into Unrealized Loss as Bitcoin Tests $75K

According to an X post shared by on-chain analytics platform Lookonchain, Michael Saylor’s Strategy, formerly known as MicroStrategy, has faced significant unrealized losses for its Bitcoin holdings. As BTC hovers near the low of $75k, the company suffers over $900 million in unrealized losses.

Currently, Strategy holds a total of 712,647 BTC, acquired at an average price of about $76,037 per coin. The Bitcoin price’s drop below the $75k mark has briefly pushed the prices under the company’s average purchase cost per coin. As CoinGape reported recently, this decline has placed Strategy’s BTC holdings underwater on paper. However, analysts believe that this does not pose a risk of forced selling as these coins are not tied to any debt and have never served as collateral.

As of press time, BTC price is marked at $75,706, down by a notable 3.86% over the last 24 hours. Over the past week and month, the crypto has seen more notable declines of 13% and 16%, respectively. This negative momentum is also reflected in the traders’ sentiment, as the 24-hour volume is now down by about 14%, reaching $63.78 billion.

Michael Saylor Signals Fresh Bitcoin Purchases

Despite this Bitcoin price crash and the subsequent unrealized losses, Michael Saylor has hinted at Strategy’s continued BTC purchase. With his usual thread, “More Oranges,” Saylor, on Sunday, suggested another purchase may be on the way.

Over the past months, Michael Saylor has been using these weekend posts referencing orange dots to hint at Strategy’s BTC buys. These posts are usually followed by an official announcement on Monday.

It is worth noting that the Strategy stock price has shown relative resilience despite the BTC price decline and the surrounding pressure. This comes despite Bitcoin critic Peter Schiff’s criticism of Strategy’s BTC treasury strategy. He stated that the company spent over $52 billion to purchase more than 700,000 BTC, with the MSTR stock dropping 70% from its peak.

MSTR shares closed the latest trading session higher at $149.71, up 4.55%. This reflects investor confidence in the company’s long-term Bitcoin-focused strategy.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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