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Barchart
Barchart
Aditya Raghunath

Strategy’s Unrealized Bitcoin Losses Total $14 Billion Amid Selloff. How to Play MSTR Stock Here.

Bitcoin Strategy MSTR Michael Saylor Andrew Kang Phong Le

Bitcoin's (BTCUSD) recent slide has put Strategy (MSTR) in a painful spot on paper. The company holds 847,363 BTC purchased at an average price of $75,651 per coin. With Bitcoin now trading around $59,000, that gap works out to roughly $14 billion in unrealized losses.

But what's more telling is what the company is doing about it — or rather, what it is not doing. Strategy has not stopped buying BTC. Understanding why requires a closer look at how Executive Chairman Michael Saylor and President and CEO Phong Le think about Bitcoin, losses, and the long game they are playing.

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