Bitcoin Pullback Exposes MicroStrategy to Around $1 Billion in Paper Losses

Bitcoin's recent decline, which saw the asset briefly dip below $75,000 on February 1, 2026, caused Strategy's (formerly MicroStrategy) substantial Bitcoin holdings to register unrealized paper losses of nearly $1 billion during the low point. Strategy, led by Michael Saylor, holds 712,647 BTC with an average cost of $76,037 per coin; at the session's low, the unrealized loss was approximately $150 million at the time of writing, but briefly hit the $1 billion mark. This pullback also affected other corporate holders like Metaplanet and Strive, and pushed Bitcoin below the average cost basis for US spot Bitcoin ETFs, potentially testing institutional commitment. Analysts are cautious, warning that Bitcoin could fall further toward a downside zone between $55,000 and $58,000, near the 200-week moving average and realized price levels.

(Source：BeInCrypto)