Strategy Shares Dive Over 81%, $14B Bitcoin Loss Spurs Buyback Calls
MSTR•Strategy shares plunged over 81% to a 28-month low as Bitcoin fell under $60,000, generating an estimated $14 billion unrealized loss on 847,363 BTC holdings. Peter Schiff proposes selling Bitcoin for share buybacks, while analysts warn that trading at a discount could hinder funding and exhaust cash within months.
1. Share Price Collapse
Strategy shares have tumbled over 81% from their July 2025 peak, settling at a 28-month low as investor confidence eroded amid the prolonged cryptocurrency downturn.
2. Bitcoin Holdings and Losses
The company holds 847,363 BTC, which fell below $60,000, translating into approximately $14 billion in unrealized losses and straining its balance sheet.
3. Buyback Proposal
Peter Schiff recommends liquidating a portion of Bitcoin to fund share repurchases, aiming to close the gap between market valuation and Bitcoin intrinsic value per share.
4. Funding Risks
Historically reliant on equity issuance to acquire Bitcoin, Strategy now faces difficulty raising capital at a discount, with analysts warning cash reserves could be depleted within months if pressures persist.
