Strategy holds 713,502 BTC. Average cost $76,052.
At this moment, BTC is quoted at $65,850.
Paper loss: approximately $7.3 billion.
Q4 financial report just released: net loss of $12.4 billion. This is not an operational loss—it's a paper result under fair value accounting, where BTC fell from $120,000 to $89,000.
CEO Phong Le said a phrase that the whole market is forwarding:
"BTC needs to drop to $8,000 and stay there for 5-6 years to threaten our debt repayment ability."
$8,000.
Is this number ridiculous? Based on the current price, it needs to drop another 88%.
But the market doesn't care about math. What the market cares about is: at what price will this company be forced to sell its coins?
The answer is: At present, there is no price at this level. They have 2.5 years of dividend coverage and $2.3 billion in cash reserves.
The MSTR stock price fell 17% that day, hitting a two-year low.
He said: HODL
