Strategy’s Bitcoin Losses Exceed $900M as BTC Dips Below $75K

Michael Saylor’s long-term Bitcoin strategy is under pressure again after Bitcoin briefly fell below $75,000. The drop pushed his company, Strategy, into more than $900 million in unrealized losses.

Bitcoin slipped under $75,000 on February 2, 2026, during a wider market downturn. It later recovered to around $75,900. Even with the rebound, the price stayed below Strategy’s average purchase level.

Strategy Holds Over 712,000 Bitcoin

Strategy currently holds 712,647 Bitcoin. The company bought these coins at an average price of about $76,037 per Bitcoin. Because of this, even a small price drop puts the firm into losses on paper.

These losses are unrealized, meaning the company has not sold its Bitcoin and no cash loss has occurred so far. The value only exists on paper and can change quickly if prices move higher again. Still, the numbers show how exposed Strategy is to Bitcoin’s price swings.

Debt-Fueled Buying Increases Risk

Michael Saylor has followed an aggressive Bitcoin buying plan since 2020. He used debt and stock sales to fund big purchases. This approach turned Strategy into the biggest corporate holder of Bitcoin in the world.

Moreover, the strategy worked well during bull markets. In past rallies, the company recorded billions of dollars in unrealized gains. However, the same approach creates pressure when prices fall. Due to the heavy use of debt, investors closely watch Bitcoin’s price. Large drops can raise concerns about balance sheet risk, even if no forced selling happens.

No Immediate Pressure to Sell Bitcoin

Despite the losses, there is no sign that Strategy plans to sell its Bitcoin. The company does not face immediate liquidation pressure. Most of its debt does not require quick repayment.

Saylor has repeated many times that he views Bitcoin as a long-term asset. He believes Bitcoin will rise well above $100,000 over time. Past market cycles support his view, as Bitcoin has recovered from deep drops before.

Long-Term Bet Still Intact

This recent dip highlights the risks of Strategy’s bold approach. Bitcoin remains highly volatile, and large positions amplify gains and losses. For now, the losses stay on paper while Strategy continues to hold its Bitcoin and wait. Whether this move pays off again will depend on where Bitcoin goes next.