Strategy has $6.5 billion loss on BTC, but continues trading at premium to value of its assets
Strategy (MSTR), the world’s largest publicly traded corporate holder of bitcoin (BTC), is seeing a quick rise in losses on its vast holdings. The company currently owns 713,502 BTC at an average acquisition price of 67,000, this represents an unrealized loss of almost $6.5 billion, or roughly 12% relative to that average cost basis. Read more: Michael Saylor’s bitcoin stack is officially underwater, but here’s why he likely won't reach for the panic button MSTR ...