Bitcoin Giant Strategy (MSTR) Sees Ugly 51% Stat

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Ah, Strategy. The company that made a name for itself by buying Bitcoin as if it were an addiction they couldn’t quit. Well, it looks like they just got a rather unsavory surprise. According to a CryptoQuant analyst-who seems to have an unhealthy interest in others’ misfortunes-more than 51% of Strategy’s beloved Bitcoin stash was bought at prices far above what the market offers today. And we all know what that means-this number is a game-changer, but not in a good way.

At present, Strategy proudly holds 649,870 BTC, making it the world’s largest corporate Bitcoin hoard (yay for them!). Their average cost per coin? A cool $74,430. With Bitcoin hovering around $86,900, they’re still ahead-just. But here’s the kicker: averages, my friend, are deceiving little creatures.

The real trouble lies in the timing of those purchases. A significant chunk of Strategy’s stash was bought during the frothy, delirious peaks of 2021, 2024, and the early months of 2025-those were the heady days when Bitcoin was soaring high. Now, after the grand fall from $120,000 to the low $80,000s, Strategy is sitting on more than half of its coins bought at those inflated prices. Not exactly a “buy low, sell high” success story, is it?

The older coins, those precious gems bought for a mere pittance under $20,000, are still riding high. But the more recent, overpaid rounds? Well, they’re stuck in the past-much like those who buy a vintage car at an auction and wonder why it doesn’t increase in value after they take it home.

Stock angle adds more pressure

As for the stock itself, Strategy (MSTR) is languishing near the lower edge of its valuation range. The company’s market cap is about $49 billion, but their Bitcoin stash alone is worth a robust $56.4 billion. Yes, you read that right. The company is worth less than the Bitcoin it holds. Oh, the irony!

The 51% statistic isn’t the end of the world, but it does reveal the extent to which Strategy overpaid. Now, the fate of the company is tied to Bitcoin’s next move-because, at this point, the market’s mood swings are the only thing keeping the company from a more interesting financial crisis. Let’s just say: “buy high, cry later” seems to be their motto.

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2025-11-26 18:05