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- Strategy holds over 712,000 BTC at an average price near $76,000.
- Bitcoin’s dip below $75K has pushed the firm into a $900M paper loss.
- Michael Saylor is signaling that more BTC purchases may be coming.
Bitcoin’s slide below the $75,000 mark has put fresh pressure on one of the market’s most visible corporate holders: Michael Saylor’s company Strategy. The firm, which controls more than 712,000 BTC, is now showing an unrealized loss exceeding $900 million as prices hover near levels below its average acquisition cost. While the paper losses are substantial, they have not shaken Strategy’s long-term stance—or Saylor’s apparent appetite to keep buying.
Strategy’s Bitcoin Holdings Slip Under Cost Basis
On-chain data indicates that Strategy holds 712,647 BTC purchased at an average price of roughly $76,037 per coin. With Bitcoin recently dipping under $75,000, the company’s holdings briefly moved underwater on paper.
At current levels around $75,700, Bitcoin remains down nearly 4% in the past 24 hours, with steeper drops of about 13% over the last week and 16% over the past month. Trading volume has also cooled, falling around 14% to roughly $63.8 billion, reflecting weaker short-term market participation.
Despite the negative price action, analysts note a key difference between Strategy and other large holders: its Bitcoin is not pledged as collateral and is not directly tied to margin-based debt. That structure reduces the risk of forced selling, even during prolonged downturns.
Saylor Hints at Another Bitcoin Buy
Michael Saylor appears unfazed by the downturn. Over the weekend, he posted his familiar “More Oranges” message on X—a phrase widely interpreted as a signal that Strategy is preparing another Bitcoin purchase.
Historically, these posts have preceded official Monday announcements confirming new acquisitions. If the pattern holds, Strategy may once again be adding BTC during a period of market weakness, reinforcing its long-standing “buy and hold” approach.
Saylor has consistently framed volatility as an opportunity rather than a threat, arguing that short-term price swings are insignificant compared to Bitcoin’s long-term potential.
Strategy Stock Shows Relative Strength
Interestingly, Strategy’s shares have not mirrored Bitcoin’s decline. MSTR stock closed the latest session at $149.71, up 4.55%, suggesting that investors remain supportive of the company’s Bitcoin-centered business model.
Also Read: Bitcoin, Ethereum Sink Together: The Support Levels Traders Are Watching Now
This comes even as critics, including longtime Bitcoin skeptic Peter Schiff, continue to question the wisdom of allocating tens of billions of dollars into a single volatile asset. Schiff recently pointed out that Strategy has spent more than $52 billion accumulating BTC while the stock is well below its historical highs.
Strategy’s unrealized $900 million loss highlights the risks of aggressive Bitcoin accumulation during turbulent markets. Yet the absence of forced selling pressure, combined with Saylor’s apparent readiness to buy more, underscores the firm’s conviction. Whether this strategy ultimately proves visionary or reckless will depend less on today’s price and more on Bitcoin’s long-term trajectory.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
