BTC falls below Strategy average buy price, putting unrealized loss near $500M

Bitcoin fell below Strategy’s average purchase price, bringing its unrealized loss to about $500 million, The Defiant reported. As of 9:54 p.m. UTC on Nov. 8, Coinbase data showed BTC at $74,862.89, below Strategy’s average cost basis of $75,451. Strategy also said it had not pledged its BTC holdings as collateral as of the quarter ended Sept. 30 and had secured $4.79 billion in reserves as of Nov. 1 for preferred dividend and interest payments.