Bitcoin drops to $74,110.28, leaving Strategy with $1 billion in paper losses

Bitcoin declined to $74,110.28, pushing Strategy's 849,327 BTC treasury into an unrealized paper loss of approximately $1 billion. The portfolio is currently valued at roughly $62.98 billion against an aggregate purchase cost of $64.08 billion, which sets the firm's break-even average price at $75,451 per coin. Earlier, Bitcoin's drop to $74,862.89 had placed the company $500 million underwater. Despite the paper losses, Strategy faces no immediate liquidation risks because its holdings remain unencumbered, backed by roughly $4.79 billion to $4.9 billion in cash reserves.