Strategy’s massive BTC position: an in-depth look at its holding depth — unrealized losses in the books have already reached $8.8 billion

From BlockBeats’ latest market update, as of the real-time trading view on July 24, Bitcoin spot prices are hovering around $65,010. The large Bitcoin position held by the institutional firm Strategy is currently showing an unrealized loss of 13.9% in its books. Converted, the loss amounts to a staggering $8.8 billion, putting top-tier holding institutions in the industry into a state of deep entrapment.

Looking back at the position’s baseline data: based on statistics up to the snapshot node of July 20, Strategy has cumulatively accumulated 843,775 BTC. The total cost invested for this tranche of coins has reached $63.7B. After buying through a large number of staged spot purchases, the overall average cost of the holdings is fixed at $75,476.

Compared with the current price near $65,000, the pressure is immediately evident: there is a price gap of more than ten thousand dollars between the average cost and the spot price. The massive unrealized losses are also driving many disagreements in the market. One group believes that since institutions hold long-term reserves, they will not sell off in the short term and will not cause a large-scale selloff. Another group of traders is concerned that further macro negatives will continue to build; if the market pushes lower, institutions may be forced to reduce positions due to funding pressure, thereby triggering a new round of pullbacks across the broader market.

Many in the community are discussing this—why not share your thoughts: do you think institutions will choose to endure the losses and hold long-term at this stage, or will they subsequently cut positions in batches to relieve the pressure on their books? At the current price, is it suitable to add spot positions on dips, or should investors continue to wait in anticipation of a lower coin range? #夏日创作营