As $BTC prices continue to slide#MichaelSaylor Strategy — the world’s largest corporate BTC holder — is now facing one of the biggest unrealized paper losses in its history.

According to recent filings and on-chain data, with #bitcoin trading below its average purchase cost, the value of Strategy’s ~713,000 BTC treasury has dropped sharply, pushing unrealized losses into the multi-billion-dollar zone for the first time in this cycle.

📉 What’s Driving the Loss ‱ BTC price slipped below key support near $75,000, impacting Strategy’s cost basis.

‱ Recent high-price buys raised the average entry, widening paper losses.

‱ Despite volatility, Strategy has not sold any Bitcoin and remains committed long term.

🧠 What This Means Unrealized losses ≠ bankruptcy.

This is paper pressure, not a realized loss — no BTC has been sold. Many institutions and long-term investors ride out drawdowns without exiting positions.

But: 👉 It increases pressure on MSTR stock, which trades like a BTC proxy.

👉 It reignites debate over treasury holding risk vs active trading.

đŸ”„ Community Take Bears: “This proves BTC isn’t a stable reserve.”

Bulls: “Volatility is normal — long-term conviction matters.”

Degens: “When Saylor bleeds, markets shake
 until liquidity returns.” 😎

📌 Bottom Line Strategy’s massive BTC stack has shifted from large paper profit to large paper loss — but holdings remain untouched.

This is a volatility stress test, not a liquidation event — showing how corporate Bitcoin strategies are tested when markets turn rough. $BTC

#Bitcoin❗ $BTC #MSTR #MichaelSayl