Bitcoin Drops Below $75,000, Pushing Strategy’s Holdings Below Cost Basis
Bitcoin’s decline below $75,000 left Strategy’s holdings worth less than the company’s average purchase price, an unrealized loss.
For the first time in a while, Strategy's giant Bitcoin pile is worth less than the company paid for it.Bitcoin slipped below $75,000, and that was enough to push the firm's treasury under its average purchase price. The loss is unrealized, but the symbolism is hard to ignore for a company whose wh…