Bitcoin fell below the Strategy’s average buy price, resulting in an unrealized loss of approximately $500 million on the position.

The Defiant reported that Bitcoin fell below Strategy’s average acquisition cost of $75,451 per coin on November 8, U.S. Eastern Time. Meanwhile, the BTC-USD trading pair on Coinbase traded at $74,862.89 at 05:54 a.m. Beijing Time on November 9. Strategy previously disclosed that, as of November 1, it held a total of 849,327 bitcoins, with a total acquisition cost (including fees) of $64.08 billion. Based on the aforementioned real-time Coinbase price, the current market value of this holding is approximately $63.58 billion—roughly $500 million less than its original acquisition cost. In its quarterly financial report ending September 30, the company explicitly stated that none of its bitcoin holdings were used as collateral or pledged for staking. As of November 1, public…