Bitcoin Pullback Exposes MicroStrategy to Around $1 Billion in Paper Losses
Bitcoin’s (BTC) transient fall beneath $75,000 on February 1, 2026, pushed Strategy’s (previously MicroStrategy) BTC holdings into unrealized losses of round $1 billion.
The drawdown comes amid indicators of further purchases from the world’s largest company Bitcoin holder, which has continued its long-standing accumulation technique, usually shopping for BTC in consecutive weekly streaks
(Micro) Strategy’s Position Under Pressure Amid Bitcoin’s Latest Decline
Bitcoin has continued to face market headwinds, extending its decline by greater than 12% over the previous seven days. During early Asian buying and selling hours on February 1, the asset fell beneath $75,000 for the primary time since early April 2025, briefly touching a low of $74,544 on Binance earlier than staging a modest rebound.
BeInCrypto Markets information confirmed that at press time, Bitcoin was buying and selling at $75,826, down 3.9% over the previous 24 hours. The newest pullback has weighed on main corporate holders, including Strategy.
Strategy, beneath Executive Chairman Michael Saylor, holds 712,647 BTC with a median buy price of $76,037 per coin. At present costs, Strategy’s Bitcoin treasury displays unrealized paper losses of roughly $150 million. When Bitcoin dipped to $74,544 earlier in the session, these losses briefly expanded to practically $1 billion.
“Every dip in BTC wipes billions in paper worth off their stability sheet. This exhibits simply how dangerous company Bitcoin publicity could be, even for main gamers,” a market watcher posted.
The losses aren’t restricted to Strategy. Data from BitcoinTreasuries confirmed that a number of different company Bitcoin holders are additionally sitting on important unrealized losses.
Metaplanet’s Bitcoin position is currently down 30.13%, whereas Strive’s holdings reflect unrealized losses of 28.97%. GD Culture Group’s Bitcoin treasury is exhibiting a paper lack of 35.59%.
Still, Strategy is dedicated to its Bitcoin technique, with Saylor hinting at further BTC accumulation. If the agency buys Bitcoin once more this week, it could mark its fifth BTC buy of the 12 months. Its largest acquisition to date occurred on January 20, when the corporate purchased 22,305 Bitcoin.
To help continued purchases, Strategy has raised the dividend rate on its Series A Perpetual Stretch Preferred Stock (STRC) to 11.25%, efficient February 2026, aiming to appeal to further capital. Overall, proceeds from STRC gross sales have financed the acquisition of greater than 27,000 BTC.
Bitcoin’s decline has had broader implications past company holders’ stability sheets. According to data from CryptoQuant, Bitcoin is now buying and selling beneath the Bitcoin US ETF Realized Price, suggesting that US spot Bitcoin ETF buyers are, on common, holding positions at an unrealized loss.
The transfer beneath ETF price bases may check whether or not institutional buyers remain committed ought to costs keep depressed.
Bitcoin Risks Deeper Pullback as Analysts Flag $55,000 to $58,000 Downside Zone
As Bitcoin’s drawdown extends, the near-term outlook has grown more and more cautious. Some analysts warn that the asset may slide towards the $58,000 to $55,000 vary.
Analyst PlanB identified that Bitcoin’s 200-week transferring common at the moment sits close to $58,000. At the identical time, Bitcoin’s realized value, which represents the typical on-chain acquisition price of all circulating cash, has declined to round $55,000 and continues to development decrease.
Momentum indicators have additionally weakened, with the Relative Strength Index falling beneath the impartial 50 stage. Historically, Bitcoin has usually retraced towards both the 200-week transferring common or the realized value, suggesting a possible draw back vary between $55,000 and $58,000 if the sample repeats.
“However bull has been weak (no pink) so bear may be shallow,” PlanB added.
With Bitcoin now buying and selling beneath key price bases and long-term help ranges in focus, the approaching weeks could show important in testing institutional conviction. A sustained transfer decrease may as soon as once more place company holders beneath scrutiny, as a sharper downturn would amplify unrealized losses throughout massive Bitcoin treasuries.
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