Strategy ahead of earnings release… shares hit lowest level in 16 months

Source

JOON HYOUNG LEE

Summary

Shares of Strategy, the world’s largest Bitcoin treasury company, reportedly plunged about 5.8%, marking the lowest level in 16 months.
The market is reportedly focusing on Strategy’s scheduled Q4 earnings release and earnings call on the day.
With Bitcoin sliding, Strategy’s unrealized loss reportedly reached about $4.6 billion, while its Bitcoin holdings stand at about 713,500 and the average purchase price is about $76,000.

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Shares of Strategy, the world’s largest Bitcoin (BTC) treasury company, fell to their lowest level in 16 months.

According to Walter Bloomberg on the 5th (local time), Strategy shares plunged about 5.8% on the day. Walter Bloomberg said it was “the lowest level in 16 months.”

The market is focusing on Strategy’s earnings call. Strategy plans to release its Q4 results for last year on the day.

Meanwhile, amid Bitcoin’s decline, Strategy’s unrealized loss as of the day was said to be approaching about $4.6 billion (about 4.9 trillion won). Strategy holds about 713,500 Bitcoins, with an average purchase price of about $76,000 per coin. Bitcoin extended its losses on the day, sliding to the $68,000 range.

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