MicroStrategy is facing a record unrealized loss exceeding $13 billion. Bitcoin’s price decline below $60,000 triggered the mark-to-market hit. The company holds approximately 844,000 BTC acquired at an average price of $75,600.
The company’s stock price has plummeted to its lowest level in 28 months. Shares are down more than 81% from a July 2025 high. The stock fell 36% over the last eight trading days, significantly outpacing Bitcoin’s 10% decline.
Investors are raising concerns over the company’s $8.2 billion debt load. Falling preferred stock values have added further pressure to the balance sheet. These losses highlight the risks associated with the firm's leveraged cryptocurrency strategy.