Bitcoin has dropped below @Strategy's cost basis, currently showing a ~$1.5B loss.

Will they sell?

In 2022–2023, @Strategy's $BTC holdings were in the red for over 500 days.

They sold 704 $BTC only once on Dec 22, 2022, and quickly bought back 810 $BTC afterward.

Aside from that, they've been strictly buy-and-hold.