Bitcoin Blues: Michael Saylor’s $900M Paper Loss Exposed

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Bitcoin did its usual trick of pretending to be dramatic, and Michael Saylor’s Strategy found itself in a $900 million paper loss after BTC wandered below 75,000. Dramatic, yes, and entirely reversible-unless the Internet breaks first.

The loss is only on paper, but the drop dragged Strategy’s stock down, prompting investors to wonder whether they will liquidate some Bitcoin to stop the bleeding.

Bitcoin Drop Pushes Strategy Into a $900 Million Paper Loss

As of now, Strategy holds a massive 712,647 BTC, valued at around $54.36 billion. These coins were bought over time at an average price of about $76,040 per Bitcoin.

As Bitcoin fell below $75,000, Strategy’s 712,647 BTC is now facing an unrealized loss of over $900M.

– Lookonchain (@lookonchain) February 2, 2026

This means short-term price drops do not automatically create financial pressure on the company. There is no immediate risk of liquidation, even during sharp market swings.

Strategy Stock Remains Under Pressure

However, Bitcoin’s price still matters greatly for Strategy. The company’s stock is closely linked to BTC movements because Strategy continues to fund its Bitcoin strategy through equity sales.

A filing with the U.S. Securities and Exchange Commission earlier this year confirmed that Strategy relies on at-the-market share sales and other securities to raise capital for further Bitcoin purchases.

While Bitcoin has stabilized, Strategy’s stock continues to struggle. Shares are down about 56% over the past year and recently traded near $149.7. As history shows, when Bitcoin rises, Strategy’s stock often moves faster, but when Bitcoin falls, losses can deepen just as quickly.

Michael Saylor Signals More Bitcoin Buying

Despite recent market weakness, Strategy shows no signs of changing direction. In a recent tweet post, Michael Saylor hinted at more Bitcoin purchases through a short social media post referencing “oranges,” a signal he has used many times before.

In the past, similar posts have often been followed by official Bitcoin purchase announcements early the following week, suggesting another buy could be coming.

After dipping below $75K, Bitcoin has rebounded and is now trading near $76,443. This recovery has pushed Strategy back into a small unrealized profit of around 0.40% on its total Bitcoin holdings.

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FAQs

How many Bitcoins does Strategy currently hold?
Strategy owns 712,647 BTC, valued at $54.36B, with an average purchase price of $76,040 per coin.
Will Strategy sell Bitcoin after the price drop?
No. Short-term BTC dips don’t force sales, and Strategy is sticking to its long-term Bitcoin accumulation plan.
How does Strategy fund its Bitcoin purchases?
Strategy raises money through equity sales and at-the-market offerings to keep buying Bitcoin over time.
How has Strategy’s stock performed alongside Bitcoin?
Shares fell 56% over the past year, reflecting Bitcoin’s swings, showing a strong correlation between BTC and stock price.

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2026-02-02 12:32