MicroStrategy’s $900M Unrealized Loss: What It Actually Means
The recent BTC dip pushed MicroStrategy into $900M+ unrealized losses on their massive Bitcoin position.
The numbers:
• 712,647 BTC held (~$53.6B current value)
• Average purchase price: $76,037
• Unrealized loss at recent low: $900M+
• BTC recovery to ~$78K cutting those losses
MicroStrategy isn’t trading. They’re accumulating. Unrealized losses only matter if you’re forced to sell. They’re not.
Their strategy has always been long-term BTC accumulation using corporate treasury and debt instruments. A temporary 5-10% drawdown doesn’t change the thesis.
Remember: They were also “underwater” in 2022 when BTC dropped to $16K. Those same people screaming “Saylor is broke” watched him 4x his position value by 2024.
Volatility is the price you pay for asymmetric upside. MicroStrategy understands this. Most retail traders don’t.
The question isn’t “will MicroStrategy survive this dip?” It’s “are you positioned for the same long-term thesis they are?”
BTC at $78K recovering. Strategy’s losses shrinking. The play remains the same.