Michael Saylor has made billions of dollars since turning his company Strategy into a Bitcoin treasury company. But now it is back to painful days because the BTC price violates the average cost of the company. The risk is increasing these days, especially as discussions about MNAV have caused FUD about the company in recent months.
Bitcoin Breaking News
Michael Saylor’s company is 855 companies, according to the previous SEC filing. BTC bought more. The purchases made at an average cost of $87,974, spending $75.3 million, resulted in a direct loss of $10,000 compared to the price at the time of writing. One of the lowest purchases ever.
MSTR It is unclear how its shares will react today, but MNAV continues to remain above 1. The company’s average BTC cost is $76,052. The price is very close to cost territory, but even so, the 713,502 on hand still gives them $1.25 billion in unrealized gains. If the BTC decline is accompanied by the MSTR MNAV decline, the company may sell BTC as a last resort to buy shares due to the compression of the BTC price falling below the average cost. Time will tell how long Saylor, which created a cash reserve of over $2 billion in the last quarter of 2025 to prevent this, can withstand the worst-case scenario.
