MSTR stock slid as volatile markets increased pressure on institutional crypto holdings. Strategy, the world’s largest crypto treasury firm, has recorded about $3.8 billion in unrealized losses on its Bitcoin position after the price fell below $71,000. The sell-off, which coincided with Michael Saylor’s birthday, triggered roughly $777 million in liquidations over 24 hours, mostly from long bets. Bitcoin is down roughly 19% year-to-date and is trading near levels last seen around the 2024 election, according to TradingView. Strategy holds 713,502 BTC, acquired for about $54.3 billion at an average price near $76,000 per coin. MSTR shares closed Wednesday down about 3% at $129 and slipped further in after-hours trading; the stock has fallen more than 70% since its July 2025 peak and about 15% so far in 2026.
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