The company’s 844,000 BTC, bought at an average of $75,600, now trades near $60,000, wiping $13 billion in paper value.
MicroStrategy’s bitcoin holdings have incurred a $13 billion unrealized loss as BTC trades near $60,000, down from an average purchase price of $75,600. The mark-to-market hit flows directly through the income statement under fair-value accounting rules, amplifying quarterly losses.
The company holds approximately 844,000 BTC, making its paper loss larger than the market capitalizations of prominent tokens like dogecoin ($11.5–12.7 billion) and close to Hyperliquid’s HYPE token ($18 billion). This underscores the concentration risk of corporate treasuries tied to a single volatile asset.
The $13 billion loss highlights the opportunity cost of locking capital into bitcoin, particularly as the asset’s price volatility continues to pressure corporate balance sheets.