Strategy’s Bitcoin Position Approaches the Danger Zone
According to The Kobeissi Letter, Strategy’s massive Bitcoin position is approaching a critical threshold. Bitcoin recently tested the $80,500 level, placing it just $6,067 above the company’s reported average purchase price of $74,433.
If the price falls below this level for a sustained period, Strategy’s overall Bitcoin holdings could officially move into unrealized loss territory.
Rapid Sentiment Shift From Profit to Pressure
Just 46 days ago, Strategy’s Bitcoin position was still showing an unrealized gain of nearly 70%. The rapid change in market conditions highlights the extreme volatility that continues to define the crypto market.
As Bitcoin price momentum stalled, pressure shifted from optimism to risk management concerns — particularly for large institutional holders with aggressive accumulation strategies.
MSTR Stock Down Nearly 70% From All-Time High
Compounding the concern, Strategy’s stock has fallen approximately 70% from its historical peak. The company’s equity price is heavily correlated with the performance of Bitcoin, and this drawdown reflects broader risk-off sentiment in the market.
With both BTC and MSTR under pressure, investors are closely monitoring upcoming price action for signs of either further downside or stabilization.
Why This Level Matters
The $74,433 mark now represents a psychological and strategic line in the sand. A breakdown below this level could trigger:
• Increased media pressure on Strategy’s Bitcoin strategy
• Panic among leveraged MSTR investors
• Speculation about new capital raises or restructuring
• Broader bearish sentiment across crypto markets
On the other hand, a strong rebound may reinforce confidence in the long-term Bitcoin thesis.
A Stress Test for Institutional Bitcoin Strategy
Strategy has long been the poster child of institutional Bitcoin accumulation. The current situation is becoming a real-world stress test of that approach in a volatile macro environment.
Whether this becomes a temporary dip or a more serious problem depends largely on Bitcoin’s behavior in the coming weeks.
