Bitcoin Falls Below Strategy's Average Purchase Price, Portfolio Unrealized Loss Reaches Approximately $500 Million

on Nov. 9, according to The Defiant, Bitcoin dropped below Strategy's average acquisition cost of $75,451 per coin on Nov. 8 U.S. Eastern Time. At 05:54 Beijing Time on Nov. 9, the BTC-USD trading pair on Coinbase was priced at $74,862.89.

Strategy previously disclosed that it held 849,327 BTC as of Nov. 1, with a total purchase cost of $64.08 billion (including fees). Based on the aforementioned pricing, the holdings are valued at approximately $63.58 billion, which is roughly $500 million lower than the purchase cost.

The report noted that in its quarterly report ending Sept. 30, Strategy stated that none of its held Bitcoin has been pledged as collateral; as of Nov. 1, the company also maintained $4.79 billion in reserves to support preferred stock dividends and interest payments.