As $BTC prices continue to slide#MichaelSaylor Strategy ā the worldās largest corporate BTC holder ā 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 Strategyās ~713,000 BTC treasury has dropped sharply, pushing unrealized losses into the multi-billion-dollar zone for the first time in this cycle.
š Whatās Driving the Loss ā¢ BTC price slipped below key support near $75,000, impacting Strategyās cost basis.
ā¢ Recent high-price buys raised the average entry, widening paper losses.
ā¢ Despite volatility, Strategy has not sold any Bitcoin and remains committed long term.
š§ What This Means Unrealized losses ā bankruptcy.
This is paper pressure, not a realized loss ā no BTC has been sold. Many institutions and long-term investors ride out drawdowns without exiting positions.
But: š It increases pressure on MSTR stock, which trades like a BTC proxy.
š It reignites debate over treasury holding risk vs active trading.
š„ Community Take Bears: āThis proves BTC isnāt a stable reserve.ā
Bulls: āVolatility is normal ā long-term conviction matters.ā
Degens: āWhen Saylor bleeds, markets shakeā¦ until liquidity returns.ā š
š Bottom Line Strategyās massive BTC stack has shifted from large paper profit to large paper loss ā but holdings remain untouched.
This is a volatility stress test, not a liquidation event ā showing how corporate Bitcoin strategies are tested when markets turn rough. $BTC