As $BTC prices continue to slide#MichaelSaylor Strategy — the world’s largest corporate BTC holder — is now facing one of the biggest unrealized paper losses in its history.
According to recent filings and on-chain data, with #bitcoin trading below its average purchase cost, the value of Strategy’s ~713,000 BTC treasury has dropped sharply, pushing unrealized losses into the multi-billion-dollar zone for the first time in this cycle.
📉 What’s Driving the Loss • BTC price slipped below key support near $75,000, impacting Strategy’s cost basis.
• Recent high-price buys raised the average entry, widening paper losses.
• Despite volatility, Strategy has not sold any Bitcoin and remains committed long term.
🧠 What This Means Unrealized losses ≠ bankruptcy.
This is paper pressure, not a realized loss — no BTC has been sold. Many institutions and long-term investors ride out drawdowns without exiting positions.
But: 👉 It increases pressure on MSTR stock, which trades like a BTC proxy.
👉 It reignites debate over treasury holding risk vs active trading.
🔥 Community Take Bears: “This proves BTC isn’t a stable reserve.”
Bulls: “Volatility is normal — long-term conviction matters.”
Degens: “When Saylor bleeds, markets shake… until liquidity returns.” 😎
📌 Bottom Line Strategy’s massive BTC stack has shifted from large paper profit to large paper loss — but holdings remain untouched.
This is a volatility stress test, not a liquidation event — showing how corporate Bitcoin strategies are tested when markets turn rough. $BTC