TradingKey -Strategy Inc (formerly MicroStrategy) NASDAQ:MSTR is trading at 85.33, down significantly from its peak of 196.74 and currently consolidating within a downtrend below the 185.33 EMA200. As of June 21, 2026, the Strategy balance sheet has 847,363 bitcoins with an aggregate cost basis of 64.10 billion USD, representing a weighted average acquisition price of 75,651 USD per bitcoin. With the current price around 67,000 USD, the balance sheet value lags its cost basis by an estimated 7.3 billion USD, translating to a paper loss of about 8,600 USD per coin.

This cost basis discount relative to the share price constitutes the main catalyst behind Strategy’s correction from its ATH, and in this context Strategy has 1.4 billion…