Strategy Shares Slump 81% from Peak on $14B Bitcoin Unrealized Losses
MSTR•Strategy shares have plunged 81% from their July 2025 high, sliding to a 28-month low as Bitcoin tumbled below $60,000. The company holds 847,363 BTC, marking roughly $14 billion in unrealized losses, while critics propose selling Bitcoin to fund a share buyback.
1. Stock Performance Pressure
Strategy's share price has fallen more than 81% from its July 2025 high of $457.22, reaching a 28-month low as Bitcoin price slipped below $60,000, weighing heavily on investor sentiment.
2. Bitcoin Holdings and Losses
The company holds 847,363 BTC, valued at roughly $50.7 billion at recent prices, resulting in approximately $14 billion in unrealized losses; cash reserves stand near $1.4 billion.
3. Share Buyback Proposal
Critics including Peter Schiff argue that Strategy should sell some Bitcoin to repurchase shares, aiming to close the discount between its market cap and the net asset value of its Bitcoin holdings.
4. Funding Risk and Capital Strategy
Concerns are mounting over the company’s ability to fund further Bitcoin acquisitions if its stock continues trading at a discount, potentially restricting equity issuance and straining cash over the next months.
