MicroStrategy's Bitcoin holdings see $11.2B unrealized loss

Key facts MicroStrategy's Bitcoin holdings have an unrealized loss of $11.2 billion. The company's average purchase price for Bitcoin is $75,699 per coin. MicroStrategy holds 843,706 Bitcoin. CEO Michael Saylor cited ETF outflows and AI infrastructure spending as factors impacting Bitcoin. MicroStrategy's preferred stock (STRC) has fallen below its intended $100 value. Numbers $11.2 billion — unrealized loss on Bitcoin holdings 843,706 — Bitcoin holdings $75,699 — average purchase price per Bitcoin $63.8 billion — total cost basis for Bitcoin $52.6 billion — current value of Bitcoin reserves $94.6 — price of STRC preferred stock Who MicroStrategy — company with significant Bitcoin holdings Michael Saylor — CEO of MicroStrategy, commenting on market factors Bitcoin — cryptocurrency experiencing price decline Institutional investors — cited as a factor for ETF outflows Context MicroStrategy's substantial Bitcoin holdings have fallen deep into paper-loss territory, with an unrealized loss now topping $11.2 billion. The cryptocurrency's price has dropped below the company's average acquisition price of $75,699 per coin. MicroStrategy currently holds 843,706 Bitcoin (BTC), acquired at a total cost basis of $63.8 billion, but its current value has sunk to $52.6 billion. CEO Michael Saylor attributed the pressure on Bitcoin to ongoing outflows from Bitcoin ETFs and significant spending on AI infrastructure. He also stated that the AI boom is drawing capital away from Bitcoin, indicating a shift in investment focus towards artificial intelligence technologies. The company's variable-rate perpetual preferred stock, STRC, has also seen its value decline, trading at $94.6, below its intended $100 value. MicroStrategy's stock (MSTR) was down 1.5% in pre-market trading on Thursday. What's next Monitoring of Bitcoin ETF flows. Tracking of AI infrastructure spending's impact on crypto markets. Assessment of MicroStrategy's stock and preferred stock performance. Caveats The article implies that the downturn is 'renewing scrutiny' of Saylor's model, but does not detail specific criticisms or analyses. The article does not provide specific data on AI infrastructure spending's direct impact on Bitcoin. FAQ Q: What is MicroStrategy's current unrealized loss on its Bitcoin holdings? A: MicroStrategy has an unrealized loss of $11.2 billion on its Bitcoin holdings as the price has fallen below its average purchase price. Q: How much Bitcoin does MicroStrategy hold and at what average price? A: MicroStrategy holds 843,706 Bitcoin, acquired at an average price of $75,699 per coin, with a total cost basis of $63.8 billion. Q: What reasons did Michael Saylor give for the Bitcoin downturn? A: Michael Saylor pointed to institutional outflows from Bitcoin ETFs and significant spending on AI infrastructure as factors pressuring Bitcoin's price. He also stated the AI boom is drawing capital away from Bitcoin. Q: How has MicroStrategy's preferred stock performed? A: MicroStrategy's variable-rate perpetual preferred stock, STRC, has declined below its intended $100 value and was trading at $94.6.

MicroStrategy's Bitcoin holdings see $11.2B unrealized loss

PiQ Daily

Key facts

MicroStrategy's Bitcoin holdings see $11.2B unrealized loss

PiQ Daily

Key facts

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