Summary
- Bitcoin fell to $67,400, pushing Strategy’s unrealized loss to about $6.85 billion.
- Strategy’s Bitcoin holdings stood at 850,364 tokens, with a total purchase cost of about $64.16 billion, putting its unrealized loss at about 10.7% of invested principal.
- Strategy bought an additional 1,036 Bitcoin between November 2 and November 8 using $81.9 million in proceeds from common-stock sales at an average price of $79,012, and those holdings have also slipped into an unrealized loss position.
Forecast Trend Report by Period
Bitcoin’s slide below $67,000 intraday widened Strategy’s unrealized loss. Based on a Bitcoin price of $67,400, the company’s paper loss versus its purchase cost comes to about $6.85 billion.
According to a filing Strategy submitted to the U.S. Securities and Exchange Commission on November 9, the company held 850,364 Bitcoin as of November 8. Its total purchase cost, including fees, was about $64.16 billion, and its average purchase price was $75,456 per token.
At $67,400 per Bitcoin, those holdings are valued at about $57.315 billion. That is about $6.845 billion less than the total purchase cost. The unrealized loss equals about 10.7% of the original investment.
Strategy also bought more Bitcoin recently. Between November 2 and November 8, it used about $81.9 million from common-stock sales to buy 1,036 Bitcoin. The average purchase price for those tokens was $79,012, and the additional purchase has also fallen into an unrealized loss position after Bitcoin declined further.
Doohyun Hwang
