Strategy's 849,327 bitcoin are worth barely more than Saylor paid for them
Strategy's 849,327 BTC holdings are worth slightly more than its average purchase price of $75,451 per coin, leaving minimal unrealized profit. The company has been selling BTC to fund dividends and buybacks, with recent purchases already underwater. MSTR stock has declined, and analysts watch for further price drops. Next update on holdings is due November 9.
How this was made
The 30-second read
Why it matters
The article reveals the current near‑break‑even status of the treasury, a fresh data point for traders.
Market read
The near‑cost Bitcoin price reduces MSTR's margin of safety, potentially prompting a sell‑off in its shares.
What to watch
The company's authorized $1.25 B monetization program and cash reserves may still provide liquidity despite current Bitcoin losses.
Background
MicroStrategy holds the largest corporate Bitcoin treasury, and its financial health is closely tied to Bitcoin price movements.
Ticker impact
Strategy (MSTR) disclosed its bitcoin holdings are now barely above cost after Bitcoin fell to $75,955, indicating limited cushion.
likely downward pressure as investors price in reduced margin of safety
Bitcoin price is close to the company's average cost, limiting upside from future sales and increasing risk of further losses.
Market effects
Highlights the vulnerability of crypto‑exposed tech stocks to Bitcoin price swings.
U.S. equity markets may see modest pullback in crypto‑linked equities.
Signals broader risk for firms holding large Bitcoin treasuries worldwide.
Counterpoint
If Bitcoin rebounds above the average cost, MSTR could quickly regain a sizable cushion, supporting the stock.
Key entities
- companyMicroStrategy
Publicly listed U.S. company (ticker MSTR) with a large Bitcoin treasury.
