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Strategy on Cusp of Losing All Its Bitcoin Gains
Michael Saylor’s business intelligence firm, Strategy, is only 13% away from losing virtually all of its Bitcoin (BTC) gains. The company holds a massive 528,185 BTC, which it has acquired through various purchases.
As the price of Bitcoin continues to fluctuate, Strategy’s average purchasing price currently stands at $67,458. This means that if the current market price of Bitcoin ($77,351) were to drop by just over 13% to approximately $64,000, the company would no longer have any unrealized profits from its BTC holdings.
Despite this risk, Michael Saylor has repeatedly emphasized his commitment to holding onto his Bitcoin and not selling a single coin. It remains to be seen how Strategy will weather this market volatility and maintain its impressive 14.62% unrealized profit ($5 billion).
Source: https://u.today/strategy-on-cusp-of-losing-all-its-bitcoin-gains
