MSTR Stock: Bitcoin Drops Below Strategy’s $75,451…
By Rick Steves
AI summary of the source article
Bitcoin dropped to around $74,059, falling below Strategy's reported average cost basis of $75,451 per coin. Holding 849,327 bitcoin bought for $64.08 billion, the company faces an approximate $1.2 billion unrealized paper shortfall that does not force asset sales.
Why it matters
The cost line is a sentiment test because Strategy's accumulation model depends on capital markets; a sustained decline "could affect the premium investors assign to Strategy, its cost of raising funds and its ability to keep expanding holdings."
Key facts
- Strategy reported holding 849,327 bitcoin as of November 1, with an aggregate purchase cost of $64.08 billion, averaging $75,451 per coin.
- Bitcoin dropped to about $74,059, roughly 1.8% below Strategy's average cost basis, resulting in an estimated $1.2 billion paper shortfall.
- A November 2 filing showed Strategy purchased 811 BTC for $65.5 million between October 26 and November 1, funded by MSTR stock sales.
Source excerpt · FinanceFeeds
Bitcoin fell below Strategy’s average purchase price on Monday, putting the company’s most closely watched balance-sheet reference point back in focus. At about $74,059 at the time of writing, BTC was roughly 1.8% below the $75,451 average cost Strategy reported in its latest Form 8-K . The mark-to-market gap is a reason to examine funding and capital structure, but it does not by itself create a…