Bitcoin24h $107,738.87-1.08%

Ethereum24h $2,680.21+0.74%

XRP24h $2.27-1.87%

BNB24h $687.05-0.01%

Solana24h $172.20-2.59%

Dogecoin24h $0.2210-2.27%

Cardano24h $0.7477-1.42%

TRON24h $0.2737-1.50%

Sui24h $3.61-1.89%

Hyperliquid24h $34.36-3.93%

CHART: Bitcoin crashes toward Strategy (MSTR) cost basis

The cost basis of Strategy’s bitcoin purchases has steadily risen over time, yet the price of bitcoin itself is on the decline.

How much pain can Strategy take before debt exceeds bitcoin?

Strategy (MSTR) owes $8.2 billion to creditors. Bitcoin needs to stay above a certain price for Michael Saylor to service these debts.

Investors dumped Strategy (formerly MicroStrategy) stock following Michael Saylor’s four most recent bitcoin purchase announcements.

Investors are willing to pay the worst premium in nine months for MSTR shares as a multiple of the company’s bitcoin holdings.

MicroStrategy reportedly raised $563.4M via its new Series A Perpetual Strike Preferred Stock after targeting just $250M for the raise.