MW Michael Saylor's bitcoin holdings briefly went underwater
By Steve Goldstein
Michael Saylor's Strategy was briefly underwater on its bitcoin holdings.
The bitcoin holdings of Michael Saylor's Strategy were briefly underwater in a sign of the unwinding in cryptocurrency value this year.
Bitcoin (BTCUSD) traded below the average $76,037 purchase price paid by the company previously known as MicroStrategy, though it's since recovered.
Strategy shares (MSTR) tumbled 8% in premarket trade after the weekend rout in bitcoin.
The stock has tumbled 67% from its peak in July.
The move doesn't have immediate consequences, with only a fraction of its $8.2 billion in debt due to mature in 2027, according to FactSet. The company also says it has 30 months of dividend coverage.
-Steve Goldstein
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(END) Dow Jones Newswires
February 02, 2026 05:59 ET (10:59 GMT)
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