Strategy's $54 Billion Bitcoin Bet Is Underwater. What Happens Next?
Coin Bureau·2026-02-22 12:45
On the 5th of February, Strategy CEO Fong Lei gave investors a number that sent a chill down the spine of the entire crypto market. He said Bitcoin would need to fall to $8,000 before the company faced a critical failure point on its debt. Now, on the surface, that sounds reassuring.$8,000 is miles away from where we are today. But here's the uncomfortable truth. Strategy, the company that pioneered the Bitcoin Treasury model, is currently underwater on its massive bet.With an average purchase price of over ...