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Michael Saylor's Strategy Has Spent $64 Billion Buying Bitcoin at an Average Price of $75,482 a Coin. Here's Why That Position Is Sitting on a $10 Billion Paper Loss Today.
['Dominic Basulto', 'Https', 'Www.Facebook.Com Themotleyfool']
The Motley Fool
The bad news is that Strategy's Bitcoin position is now deep under water.
The current price of Bitcoin is just $65,000, but Strategy's average price to acquire Bitcoin is $75,482.
Just take a look at Strategy's stock price.
So investors in Strategy stock are getting pounded even harder than investors in Bitcoin.
And it's not like Strategy's $10 billion paper loss is a hidden secret, either.