Strategy faces $13 billion paper loss on bitcoin holdings, exceeding market caps of hundreds of tokens
By
Omkar Godbole
3d ago· 2 min readenNews
Summary
Strategy (MSTR), the software company turned bitcoin treasury firm, is facing over $13 billion in unrealized losses on its 844,000 BTC holdings, acquired at an average price of ~$75,600. With bitcoin trading near $60,000, the mark-to-market loss exceeds the market caps of dogecoin, BlackRock's BUIDL fund, and hundreds of other crypto tokens, highlighting extreme concentration risk in the crypto market.
Source
bskyStrategy faces $13 billion paper loss on bitcoin holdings, exceeding market caps of hundreds of tokenscoindesk.comKey quotes
· 3 pulledStrategy (MSTR) is sitting on huge unrealized losses on its bitcoin holdings, and it's bigger than some of crypto's most prominent projects.
The mark-to-market hit exceeds $13 billion, which as per fair-value accounting rules, flows straight through the income statement, generating headline-grabbing quarterly losses.
Strategy's paper loss exceeds the market caps of hundreds of tokens, highlighting the extreme concentration of risk in the crypto market right now.
Strategy’s paper loss exceeds the market caps of hundreds of tokens, highlighting the extreme concentration of risk in the crypto market right now.
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