As Bitcoin breaks below $75,000… Strategy’s unrealized losses top $900 million

Suehyeon Lee

Summary

Bitcoin (BTC) fell below $75,000, widening Strategy’s mark-to-market losses.
Lookonchain said unrealized losses on Strategy’s 712,647 BTC holdings exceeded $900 million.
Strategy is sticking to its view of Bitcoin as a long-term strategic asset, and markets note that the losses are unrealized rather than realized.

As Bitcoin (BTC) fell below $75,000, the mark-to-market losses at Strategy led by Michael Saylor were found to have widened sharply.

According to Lookonchain on the 2nd (local time), Strategy’s 712,647 BTC holdings were estimated to have unrealized losses exceeding $900 million amid the steep drop in Bitcoin.

Strategy has pursued an aggressive Bitcoin buying strategy over the past several years to become the world’s largest corporate holder of Bitcoin, but the recent market correction has once again brought renewed attention to the volatility in the value of its holdings.

Still, Strategy has maintained its long-standing stance of holding Bitcoin as a long-term strategic asset regardless of short-term price moves, and markets are focusing on the fact that these losses are unrealized, not realized.

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