Strategy Holds Steady on BTC Investment Amid Losses for Metaplanet and Semler
Bitcoin's correction has resulted in a drop to $74,500, marking a one-third decrease from its January high. Key points include:
- Strategy (MSTR) holds 528,185 BTC, valued at $39.5 billion, with an unrealized profit of about $3.9 billion.
- The company's average cost basis per bitcoin is $67,458, and it trades at a market cap multiple just under 2.
- MSTR faces no liquidation risk if bitcoin falls below its cost basis.
- Metaplanet reported bitcoin holdings of 4,206 BTC at an average price of $88,800 each, currently about 15% underwater, leading to a 20% stock drop.
- Semler Scientific (SMLR) has an average acquisition cost of $87,854 per BTC and has seen a 38% loss this year.
- Year-to-date losses: Semler down 38%, Metaplanet 15%, Strategy 2%.