MicroStrategy Posts $13B Bitcoin Loss as Price Dips Below $60K
MSTR•MicroStrategy holds a $13 billion unrealized loss on its bitcoin stash as the cryptocurrency trades around $59,900, its lowest in two years and off more than 30% year-to-date. The company has enough cash to fund preferred-stock dividends for roughly 10 months while its preferred shares have slumped 25% below par.
1. Bitcoin Market Slide
Bitcoin traded near $59,900, its lowest level in two years, off more than 30% year-to-date as U.S.-listed spot ETFs saw $4.6 billion in net outflows and total crypto market capitalization fell roughly 30% to $2 trillion during the first half of 2026.
2. MicroStrategy's Bitcoin Loss
MicroStrategy's bitcoin holdings have incurred an unrealized loss of approximately $13 billion as the digital asset price declined to near two-year lows.
3. Preferred Stock Dividend Coverage
The firm has enough cash to fund its preferred-stock dividend for about ten months, but its preferred shares have slumped roughly 25% below par, raising concerns over dividend sustainability if bitcoin prices remain depressed.
