MicroStrategy holds 847,363 Bitcoin acquired for $64.1B at an average price of $75,651 but faces a $14.46B unrealized loss after BTC slid below $60,000, triggering a $12.54B net loss. Its market-to-net asset value ratio fell to 0.99 as Bitcoin holdings valued at $50.7B versus cash and dividend obligations strain liquidity.
MicroStrategy holds 847,363 BTC purchased for a total of $64.1 billion at an average cost of $75,651 per coin, representing the largest corporate Bitcoin position globally.
A decline in Bitcoin below $60,000 triggered a $14.46 billion unrealized loss, resulting in a $12.54 billion net loss, equivalent to $38.25 per diluted share.
The company’s market-to-net asset value ratio dropped to 0.99 for the first time, indicating shares now trade below the fair value of its Bitcoin holdings.
With $1.4 billion in cash against $1.71 billion in annual dividend obligations, MicroStrategy has under ten months of dividend coverage without selling Bitcoin.
