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    Michael Saylor Loses $47 Billion Unrealized Profit As Bitcoin Dumps Below Strategy’s Cost Basis


    Michael Saylor Loses $47 Billion Unrealized Profit As Bitcoin Dumps Below Strategy’s Cost Basis

    https://www.benzinga.com/crypto/cryptocurrency/26/02/50383828/michael-saylor-loses-47-billion-unrealized-profit-as-bitcoin-dumps-below-strategys-cost-basis

    Posted by KIG45

    10 Comments

    1. Bucser on

      You can’t lose unrealised profit. It is unrealised profit or loss until you sell the asset…

    2. coinfeeds-bot on

      tldr; Michael Saylor’s company, Strategy (NASDAQ:MSTR), is now $630 million underwater on its Bitcoin holdings as Bitcoin’s price fell below the company’s $76,037 average cost basis. This marks a loss of $47 billion in unrealized profits from four months ago. Despite the downturn, Saylor remains committed to his Bitcoin strategy, emphasizing its broader accessibility through Strategy’s equity structure. Critics argue the company’s heavy buying influenced Bitcoin’s rise and its current inability to buy more may impact prices further.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    6. Spaceseeds on

      False. This is complete misinformation. He’s not down that much and the losses are from accounting last quarter, not from being that much underwater, which the article implies

    7. CryptoDeepDive on

      So stupid. Yea Saylor had to perfectly sell all his assets at the top. He probably can’t even sell a fraction of his assets for the price that it was trading at the top.

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