Strategy's Bitcoin Bet Dips Underwater as Firm Adds to $56 Billion BTC Stash

Strategy’s Bitcoin bet showed losses on paper for the first time in years, as the digital asset tumbled below the Bitcoin-buying firm’s average purchase price on Sunday. With Bitcoin recently changing hands at $78,579, Strategy’s $56 billion position had turned positive again on Monday. The company has amassed its stash for an average cost of around $76,000 per Bitcoin since 2020, according to a press release. Strategy’s shares recovered some losses when U.S. markets opened, but they remained down nearly 2 ...