From Startup Fortune · · 50s
Strategy's Bitcoin Worth Less Than Purchase Price
Strategy's bitcoin holdings now worth less than Saylor paid for them.
In brief
Strategy's bitcoin holdings now worth less than Saylor paid for them. Strategy's 849,327 bitcoin are worth $430 million less than their purchase price. Originally reported by Startup Fortune.
Bitcoin price drops
Bitcoin slid to $75,955 near Strategy's average cost of $75,451.
Strategy's holdings
Strategy holds 849,327 bitcoin bought for $64.08 billion.
Unrealized profit gap
The gap between current value and purchase price is $430 million.
Market valuation
Strategy's mNAV dropped below 1 in late June but recovered to 1.14.
Bitcoin monetization program
Strategy authorized a $1.25 billion bitcoin monetization program.
Recent sales
Strategy sold 1,178,552 preferred shares for $164 million.
Paper losses
New purchases of bitcoin are already $5,000 under water each.
What matters most
Strategy's 849,327 bitcoin are worth $430 million less than their purchase price.
