Strategy owns 843,738 Bitcoin worth about $64.83 billion at current prices, while the company’s total market value is about $58.6 billion. The Bitcoin holdings have nearly doubled over the past year, rising from about 444,262 BTC to 843,738 BTC. The blended cost basis is about $75,700 per coin. The company reports a 12.6% year-to-date BTC yield, indicating shareholders effectively own more Bitcoin per share than at the start of the year. Despite strong Bitcoin accumulation, the stock has dropped roughly 58% over the past year, and the market values the company about $6 billion less than the value of its Bitcoin holdings, driving the decline.
"The stock market has been a different ball game. peaked near $540 in November 2024 and now trades near $166, which is a 70% drop. But that's not even the strangest part. The stock market is pricing Strategy at roughly $6 billion less than the Bitcoin on its balance sheet. That means the operations, the brand, and the future buying capacity Saylor has built around those coins are valued at less than nothing-and the gap is the entire reason for MSTR's collapse."
Read at 24/7 Wall St.
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