MicroStrategy shares have plunged 81% from their $457.22 July 2025 peak to near $85, marking a 28-month low as Bitcoin dipped below $60,000. The company holds $2.21B cash but faces $14B unrealized losses on 847,363 BTC and may exhaust funding if shares trade at a steep discount to Bitcoin value.
MicroStrategy’s shares have declined to around $85, down over 81% from their $457.22 peak in July 2025, marking a 28-month low as Bitcoin prices fell below $60,000.
The company holds 847,363 BTC—currently worth about $50.7B—resulting in an estimated $14B in unrealized losses on its cryptocurrency treasury.
With $2.21B in cash reserves, MicroStrategy can cover preferred stock dividends for roughly 10 months following a recent sale of 32 BTC intended to bolster its payout capacity.
Analysts warn that if the stock continues trading at a deep discount to Bitcoin’s per share value, the company may struggle to raise new capital through equity or convertible issuances.
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