Strategy Faces Paper Losses as Bitcoin Price Falls

Strategy's investment in Bitcoin has recently resulted in paper losses as the cryptocurrency's value fell below the firm's average purchase price of approximately $76,000. According to NS3.AI, the company has expanded its Bitcoin holdings by about 900 coins, acquiring them at an average cost of $88,000. This acquisition was financed through the issuance of common stock, without selling any preferred shares. Despite a decline in its stock price, Strategy retains a substantial cash reserve and has increased its preferred shares dividend rate, indicating complexities in its capital raising expenses.