Strategy Inc. faces $6.85 bn unrealized Bitcoin loss as MSCI removes its stock from U.S. benchmark
Strategy Inc. (MSTR) holds 850,364 BTC bought for $64.16 bn at an average cost of $75,456 per coin. With Bitcoin trading around $67,400, the treasury shows an estimated $6.85 bn paper loss. MSCI announced the company will be dropped from the MSCI USA Index on Nov. 30, which could force index‑funds to sell MSTR shares. The firm also disclosed a recent purchase of 1,036 BTC at $79,012 each, already underwater, and retains $4.9 bn in USD assets to cover dividend obligations.
Why it matters
The unrealized loss reduces the net asset value of Strategy’s balance sheet and may pressure the stock price, while the MSCI removal could trigger forced selling by index funds, further depressing MSTR shares (the company warned that about 3.1% of its shares are held by MSCI‑tracked funds).
Key facts
- 1Strategy holds 850,364 BTC acquired for $64.16 bn, averaging $75,456 per coin. cryptotimes.io
- 2Bitcoin price was around $67,400, creating an unrealized loss of roughly $6.85 bn. cryptotimes.io
- 3MSCI will remove Strategy from the MSCI USA Index effective the close of Nov. 30, 2026. cryptotimes.io
- 4Strategy bought 1,036 BTC for $81.9 m at an average price of $79,012 per coin between Nov. 2‑8, 2026. cryptotimes.io
- 5The company’s USD Reserve stood at $4.77 bn and USD Cash at $146.2 m as of Nov. 8, 2026. cryptotimes.io
- 6MSTR shares fell 3.78% to $110.09 on Nov. 13, 2026 as Bitcoin dropped below the cost basis. 247wallst.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.