Strategy Reports $8.3B Unrealized Bitcoin Loss, MSTR Stock Drops
Strategy, the largest corporate Bitcoin holder, reported a significant unrealized loss of $8.3 billion on its Bitcoin holdings in Q2 earnings call on July 30.
The company holds 843,775 BTC with an average acquisition price of $75,531 per coin and has seen a 29,997 BTC gain, or roughly 3.6x growth in Bitcoin per share since 2020.
However, the MSTR stock saw a 6.14% drop from $97.59 to $91.6 after the earnings call, largely due to an unrealized markdown of $8.32 billion on its Bitcoin holdings and a reported net loss of $24.45 per share.