{"id":114235,"date":"2025-11-19T14:30:46","date_gmt":"2025-11-19T14:30:46","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=114235"},"modified":"2025-11-19T14:30:46","modified_gmt":"2025-11-19T14:30:46","slug":"red-alert-40-of-strategys-bitcoin-holdings-are-losing-money-analysts","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=114235","title":{"rendered":"Red Alert: 40% Of Strategy\u2019s Bitcoin Holdings Are Losing Money\u2014Analysts"},"content":{"rendered":"

Bitcoin fell sharply<\/a> over the past week, sliding almost 15% and moving beneath the $100,000 and $95,000 marks to trade around $90,300, Wednesday.<\/p>\n

According to company disclosures, Michael Saylor\u2019s Strategy<\/a> bought an extra 8,178 BTC for $835.6 million at about $102,171 apiece during the downturn. That move has drawn fresh attention because some of those newest coins are already underwater.<\/p>\n

Strategy\u2019s Holdings And Recent Buys<\/h2>\n

Reports have disclosed that Strategy now holds 649,870 BTC, equal to roughly 3.2% of the circulating supply. The firm says it paid about $48 billion for those coins. At current prices, the holding\u2019s market value sits near $59.38 billion, leaving an overall paper gain of 22% or about $11 billion.<\/p>\n

Strategy has acquired 8,178 BTC for ~$835.6 million at ~$102,171 per bitcoin and has achieved BTC Yield of 27.8% YTD 2025. As of 11\/16\/2025, we hodl 649,870 $BTC<\/a> acquired for ~$48.37 billion at ~$74,433 per bitcoin. $MSTR<\/a> $STRC<\/a> $STRD<\/a> $STRE<\/a> $STRF<\/a> $STRK<\/a> https:\/\/t.co\/HI1TeYOvQ9<\/a><\/p>\n

\u2014 Michael Saylor (@saylor) November 17, 2025<\/a><\/p>\n

Yet CryptoQuant\u2019s breakdown<\/a> finds that roughly 40% of Strategy\u2019s stash is now showing unrealized losses, a result of the company\u2019s recent buying activity pushing newer lots above today\u2019s market price.<\/p>\n

The newest 8,178 BTC purchase is already down around 10.5%, costing the company roughly $88 million on paper in a matter of days.<\/p>\n

Reports also show Strategy made three separate buys earlier this month: smaller blocks recorded on the third and the 10th of November, bringing November\u2019s total to 9,062 BTC for $931.1 million. At current market levels those November tokens are worth about $827 million, a drop of just over 11% since the buys.<\/p>\n

Saylor\u2019s Portfolio Turns Red?<\/p>\n

He announced the purchase of 8,178 BTC at an average price of $102,171, about 10% above current market levels.<\/p>\n

This recent bitcoin move puts ~40% of Strategy\u2019s 649,870 BTC holdings in the red, with only 60% still in profit. pic.twitter.com\/hii0BmV95P<\/a><\/p>\n

\u2014 CryptoQuant.com (@cryptoquant_com) November 18, 2025<\/a><\/p>\n

Short-Term Losses Amid Long-Term Gains<\/h2>\n

While parts of the position sit in the red, Strategy\u2019s longer-term position remains positive. The company\u2019s overall profit ratio of 22% is well above the deep losses it faced from mid-2022 into early 2023, when as much as 75% of its holdings were showing losses and the portfolio was down about 33%, equal to roughly $1.32 billion in paper losses then.<\/p>\n

Early last month Strategy had a peak profit ratio near 68% with gains calculated at about $32 billion, showing how swings can be large on both sides.<\/p>\n

According to filings, Saylor treats dips as chances to add coins, and this latest buying fits that pattern. Not every market participant agrees.<\/p>\n

A Fraud?<\/p>\n

Peter Schiff, a well-known gold investor, criticized Strategy\u2019s rising average cost, which he says\u2014at about $74,433 per BTC\u2014has been moving closer to the market value and could limit upside if prices fail to rebound.<\/p>\n

Schiff said on Sunday that Strategy Inc.\u2019s focus only on Bitcoin is \u201ca fraud.\u201d<\/a> He also challenged Michael Saylor to a live debate at Binance Blockchain Week in Dubai this December.<\/p>\n

Schiff argued that the company\u2019s recent gains mainly come from the rising Bitcoin price. He warned that if people lose confidence in Bitcoin, the company\u2019s finances could be in trouble.<\/p>\n

What This Means For Investors<\/p>\n

For outside observers, the takeaway is straightforward: even the biggest holders can have portions of their inventory in loss when markets fall.<\/p>\n

Strategy\u2019s newer purchases have reduced the firm\u2019s tidy headline returns, but they did not wipe out the overall gain. Reports suggest the company is still sitting on a sizable paper profit.<\/p>\n

Short-term results for those November buys look poor. Long-term results will depend on future price moves.<\/p>\n

Featured image from Gemini, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin fell sharply over the past week, sliding almost 15% and moving beneath the $100,000 and $95,000 marks to trade around $90,300, Wednesday. According to company disclosures, Michael Saylor\u2019s Strategy bought an extra 8,178 BTC for $835.6 million at about $102,171 apiece during the downturn. That move has drawn fresh attention because some of those […]<\/p>\n","protected":false},"author":0,"featured_media":114236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-114235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/114235"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=114235"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/114235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/114236"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=114235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=114235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=114235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}