Disclosure: The author of this story has actions in strategy (MSTR).
As the correction of the cryptographic market begins, days after traditional financial markets began to react to the rates of President Donald Trump, Bitcoin (BTC) fell to its lowest level in five months, falling up to $ 74,500 and marking a complete fall of one third from the high record, on January 20.
This slide has left the strategy (MSTR) marginally in the green in its Bitcoin acquisition strategy. At a total cost of $ 35.6 billion, the company currently has an unrealized profit of approximately 10%, or approximately $ 3.9 billion in its BTC investment.
The strategy has 528,185 BTC, now valued at $ 39.5 billion, giving it an average cost of $ 67,458 per Bitcoin. The company’s MNAV multiple, market capitalization divided by the value of holdings, is just less than 2, indicating that the action still quotes with a premium.
According to Coindesk’s investigation, MSTR does not face liquidation risk, even if Bitcoin falls below his cost base.
On April 2, Metaplenet (3350) revealed Bitcoin Holdings of 4,206 BTC bought at an average price of 12,925,027 yen ($ 88,800) per currency. That puts the Japanese company about 15% under water in its Bitcoin strategy. The action fell by 20% only on Monday, which reflects the growing pressure of the recession.
Semler Scientific (SMLR) has also seen losses in its Bitcoin holdings, with an average acquisition cost of $ 87,854 per BTC, according to the most recent presentation in February.
With Bitcoin dropped 20% this year, Semler has lost 38%, 15% of Metaplanet and the 2% strategy.
