finance
Strategy reports $13 billion unrealized Bitcoin loss under fair-value accounting
Strategy holds 844,000 bitcoin purchased at an average of $75,600 each. The position shows more than $13 billion in paper losses with bitcoin near $60,000.
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Strategy holds roughly 844,000 bitcoin acquired at an average price near $75,600, producing an unrealized loss that exceeds $13 billion, coindesk.com reported on June 26. Bitcoin traded near $60,000 at the time of the report. The loss surpasses the market capitalization of dogecoin, which stood between $11.5 billion and $12.7 billion.
It also exceeds the market capitalizations of Monero, Cardano, Chainlink, Bitcoin Cash, Litecoin, BlackRock's BUIDL, Uniswap, Near Protocol and Aster. Hyperliquid's HYPE token maintains a market capitalization of approximately $18 billion, placing it above Strategy's paper loss.
The company records these unrealized losses under fair-value accounting rules that flow directly through the income statement.
Strategy, led by Executive Chairman Michael Saylor, has raised capital to acquire bitcoin since 2020. The position represents one of the largest single-asset corporate holdings in the sector.
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