Bitcoin dip briefly pushes Strategy below cost basis

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Bitcoin’s sharp decline over the weekend temporarily pushed the cryptocurrency below Strategy’s average cost basis, marking a rare moment where the company’s long-term holdings dipped into unrealized losses.

Bitcoin fell from a high of $87,970 to as low as $75,892, slipping below Strategy’s estimated cost basis of $76,040 before rebounding above that level. Despite the short-lived dip, Strategy has remained largely profitable on its Bitcoin holdings over the past five years, aided by early purchases and long-term price appreciation.

Strategy’s largest Bitcoin acquisition this year came on Jan. 20, when it purchased 22,305 BTC, further cementing its position as the dominant Bitcoin treasury company.