MicroStrategy, the largest corporate holder of Bitcoin, is now facing an unrealized loss exceeding $64 billion amid a continued cryptocurrency market downturn. According to the company’s latest disclosures, it holds 847,363 BTC acquired at an average price of $75,651 per coin. With Bitcoin trading significantly lower, the paper losses have ballooned to approximately $64.1 billion, reflecting a major erosion of net asset value.
The situation intensified on June 25, 2026, as Bitcoin’s price tumbled below $59,000 for the first time in nearly two years. This marks a drop of over $20,000 in just six weeks, with no clear catalyst beyond mounting fear, uncertainty, and doubt surrounding MicroStrategy (now rebranded as Strategy). The company’s stock, MSTR, hit a new multi-year low of $88, down another 7% on the day, while its preferred stock STRC slipped to $76—far below its $100 par value. Analysts warned of the risk of forced liquidations if the decline continues, though the company has stated it has no plans to sell.
The market reaction was violent. Over $1.3 billion in positions were liquidated in 24 hours, with nearly $500 million of that occurring in a single hour, according to CoinGlass. More than 210,000 traders were wrecked, and the largest single liquidation—over $19 million—took place on Binance. Altcoins mimicked Bitcoin’s crash, deepening the bearish sentiment. Michael Saylor remains publicly bullish, calling the downturn a buying opportunity, but the financial pressure on the corporate Bitcoin strategy is undeniable.
