[Bitcoin Falls Below Strategy's Average Purchase Price, Holding Losses Approximately $500 Million]
On November 8th, Bitcoin fell below Strategy's average purchase price of $75,451 per coin. The BTC-USD market price on Coinbase was $74,863 at 05:54 on the 9th.
As of November 1st, Strategy held 849,327 BTC, purchased at a cost of $64.08 billion. Based on the above price, the holdings are worth approximately $63.58 billion, about $500 million below the purchase cost.
In its quarterly report ending September 30th, Strategy stated that none of its Bitcoin holdings were pledged as collateral; as of November 1st, the company had an additional $4.79 billion in reserves to support preferred stock dividend and interest payments.
