Strategy's Bitcoin (BTC) Holdings Sit $7.1 Billion Underwater at $67,000

Strategy's 850,364 BTC Underwater

Michael Saylor's Strategy is sitting on roughly $7.1 billion in unrealized losses after the weekend slide pushed its Bitcoin (BTC) treasury below its purchase cost. The company's 8-K filing with the U.S. Securities and Exchange Commission (SEC) on November 9 states that it holds 850,364 BTC acquired for $64.16 billion in total, an average of $75,456 per coin including fees. On-chain tracking data put the stack's market value near $57.31 billion when Bitcoin traded around $67,400 earlier on Saturday, a shortfall of about $6.85 billion against the disclosed cost. With the Bitcoin (BTC) price at $67,104 at the time of writing, that gap has widened to roughly $7.1 billion. As recently as a month ago the same holdings showed about $5 billion in profit, a cushion the November drawdown has erased. The filing also details the most recent buy: 1,036 BTC at an average of $79,012, financed with net proceeds from common stock sales, a tranche already down about 15%. Scale works against the company in a falling market: every $1,000 move in the coin's value swings the holdings by roughly $850 million, and break-even now requires a rally of about 12.7% back above the $75,456 average cost. Each purchase cleared above the market adds to the gap, and the latest buy shows accumulation continued right into the decline. The drawdown forces no sale. Strategy reported $4.77 billion in dollar reserves as of November 8, earmarked for preferred dividends and debt interest, and drew $21.1 million from that reserve for dividend payments last week. The company, which pioneered the corporate Bitcoin treasury strategy and built the stack through repeated equity-funded purchases, states its playbook as a HODL approach through cycles, keeping the hoard in place as a private strategic bitcoin reserve rather than a position sized for trading.

Weekend Selloff Reaches MSTR

The weekend selloff was broad and fast. Bitcoin (BTC) briefly touched about $66,580 in early Saturday trading before stabilizing near $67,000, and derivatives data shows more than $330 million in forced liquidations within two hours. Ether slipped under $1,900 and XRP lost the $1 mark in the same window. The leading coin is down about 11.6% over seven days and 17% over thirty, trades roughly 47% below the $126,080 all-time high set in October 2025, and sits more than 20% beneath its September high, under the $67,500 floor flagged after the Nvidia CEO exit earlier this week. The crypto fear and greed index printed 13, deep in extreme fear, on Friday evening. The equity side has been hit harder. MSTR closed Friday at $111.62, about 22% below its November 4 close of $142.54, after index provider MSCI announced this week that Strategy would leave its indexes. Strategy CEO Phong Le pushed back in a Friday interview, saying only about 3% of the company's shares track MSCI benchmarks and that the removal's impact should be limited. MSCI, meanwhile, said UK-based Bitcoin (BTC) treasury firm The Smarter Web Company will join its micro-cap index from November 30. MSTR has long traded as a leveraged proxy for the coin, and criticism of the structure has sharpened as it falls: Peter Schiff, who has warned of a possible $16,500 retest, questioned the sustainability of the 12% yield on Strategy's preferred stock while the coin declines.

A 100-Score Floor at $67,086

At $67,104, the coin is holding just above its strongest support, which our composite scoring model rates 100/100 at $67,086, a level built from the swing low, the 0.786 Fibonacci retracement and a high-volume node. The resistance that matters sits at $72,643, scored 97/100, leaving price pinned between the two strongest levels on the board. Positioning offers a mixed read: the perpetual funding rate is near-neutral at 0.0004%, yet the long/short account ratio of 3.56 shows 78.1% of accounts still leaning long into the drawdown. With the RSI at 23 and the trend model in a downtrend, a decisive daily close below the 100-score floor would confirm the next leg lower. Live levels sit in our Bitcoin technical analysis section.