Strategy Adds 2,486 BTC and Faces $5.7B Unrealized Loss; Technical Target $100-$20
Strategy bought 2,486 Bitcoin for $168.4 million at an average of $67,710, raising holdings to 717,131 BTC at a $76,027 cost basis and incurring a roughly $5.7 billion unrealized loss. A technical analyst predicts the leveraged stock could tumble to $100 or $20 if Bitcoin breaks below $60,000.
1. Additional Bitcoin Purchase Details
Between February 9 and 16, Strategy acquired 2,486 Bitcoin for $168.4 million at an average price of $67,710 per coin, bringing total holdings to 717,131 BTC purchased for $54.52 billion at a $76,027 average cost basis.
2. Financing and Unrealized Loss
The latest purchase was funded with $90.5 million from common stock and $78.4 million from preferred shares, leaving an unrealized loss of about $5.7 billion at current Bitcoin prices around $68,000.
3. Debt Conversion and Capital Capacity
The company plans to convert roughly $6 billion of convertible debt into equity over three to six years, reducing leverage while potentially diluting shareholders; it retains $7.88 billion under common stock and $3.54 billion under preferred authorization and faces no major maturities until 2028.
4. Technical Outlook and Price Targets
MSTR is nearing a critical Parabolic SAR support at $104.79, with resistances from the 20, 50, 100 and 200 EMAs up to $245.55. A technical analyst warns a close below $110 could open a drop to $90–$95, with downside targets of $100 or even $20 if Bitcoin breaches $60,000.