Bitcoin Dips Below $80,000 as MicroStrategy’s Holdings Surge Despite Decreased Unrealized Gains

In a notable market movement on February 28th, Bitcoin experienced a dip, trading momentarily below the $80,000 threshold before stabilizing at $80,227. Recent data from mstr-tracker reveals that Strategy, previously known as MicroStrategy, now manages a remarkable portfolio comprising 499,096 bitcoins. The company’s total investment in these assets amounts to roughly $33.119 billion, with an average acquisition cost per bitcoin hovering around $66,357. The current market valuation of their cryptocurrency assets stands at $40.041 billion. However, it is noteworthy that their unrealized gains have diminished to $6.923 billion, indicating a cautious sentiment among investors as they navigate the volatile crypto landscape.