Strategy’s market cap falls below Bitcoin holdings amid $3.35B unrealized losses

Strategy now trades below its own Bitcoin. Market cap is near $47B, while its BTC stash is valued around $52.65B.

The company bought 17,994 BTC last week. Spend was about $1.28B at $70,946 per coin. It was the 102nd buy. Also the 11th straight week of buying.

Its total BTC is shown on the company’s page. See the Bitcoin stash details on Strategy’s site. The stock still prices under that pile.

Bitcoin BTC traded near $70,800. By that mark, Strategy sits on roughly $3.35B in unrealized losses.

Chairman Michael Saylor posted on X about timing. “You know there’s a delay between the time we buy the Bitcoin and the time Bitcoin goes to the moon.” The post is here: Saylor’s tweet. Reactions ranged from support to memes tied to his long-time Bitcoin advocacy.

He reaffirmed a hold-first plan on TV. He said dividends can continue if BTC appreciates at least 1.25% per year. If prices stay flat for years, he cited “about eight decades” to redesign capital structure. His long-term view is 30% annual BTC growth over two decades.

Analysts also flagged stronger US spot demand via a rising Coinbase Premium. If BTC holds above $70,000, they watch $74,000–$75,000 as resistance. That zone sits close to Strategy’s average all-in buy price.