Strategy's 650,000 BTC Holdings Face Paper Losses as Bitcoin Trades at $84,171
Strategy's approximately 650,000 BTC holdings are approaching underwater territory as Bitcoin trades at $84,171.85, down 33% from recent highs. The company's average acquisition cost of $74,433 per coin leaves an 11% buffer before paper losses materialize. MSTR shares have declined 56% over six months, while the company faces $5 billion in convertible bonds due in 2028.