Strategy, the world's largest corporate Bitcoin holder, entered an unrealized loss position exceeding $10 billion as Bitcoin prices declined. As of the article date, the company held 843,706 BTC at an average purchase price of $75,699, resulting in an unrealized loss of approximately $10.08735 billion based on Bitcoin trading at $63,743. The decline followed Strategy's disclosure of its first Bitcoin sale since December 2022, when the company sold 32 BTC between May 26-31 at approximately $77,135 per coin. Strategy has been recognized as a market leader through its aggressive Bitcoin accumulation strategy over recent years.
Strategy Reports $10 Billion Unrealized Bitcoin Loss
According to disclosures on Strategy's website, the company holds a total of 843,706 Bitcoin with an average acquisition price of $75,699 per coin. The total purchase cost amounts to $63.867 billion.
Based on Bitcoin trading at $63,743 at 2 PM on the article date per CoinMarketCap, Strategy's unrealized loss totals $10.08735 billion. This represents approximately a 15.8% loss relative to the average purchase price.
Company Sells 32 BTC in First Transaction Since December 2022
Strategy disclosed in an SEC filing on May 1 (local time) that it sold 32 Bitcoin at approximately $77,135 per coin between May 26-31. The total sale value was approximately $2.5 million.
This marks Strategy's first asset sale since disposing of 704 Bitcoin in December 2022, approximately 3 years and 5 months prior. The company has been recognized as a representative firm driving market growth through its aggressive Bitcoin purchasing strategy.
Bitcoin Price Drops Following Sale Disclosure
Following Strategy's sale announcement, Bitcoin exhibited a downward trend. Bitcoin traded at $61,968 around 11 AM on the article date.
FAQ
What is Strategy's current Bitcoin position?
Strategy holds 843,706 Bitcoin with an average purchase price of $75,699 per coin, representing a total acquisition cost of $63.867 billion according to company website disclosures.
When did Strategy last sell Bitcoin before this transaction?
Strategy's sale of 32 Bitcoin between May 26-31 marked its first asset sale since December 2022, when the company disposed of 704 Bitcoin approximately 3 years and 5 months earlier.
How much unrealized loss does Strategy face on its Bitcoin holdings?
Based on Bitcoin trading at $63,743, Strategy's unrealized loss totals approximately $10.08735 billion, representing a 15.8% decline from the average purchase price of $75,699.
