MSTR excavating water on BTC Bet, while Metaplanet, Smlr Robit of heavy losses

Disclosure: The author of this story has shares in Strategy (MSTR).

While correction of the cryptography market starts, a few days after the traditional financial markets began to react to President Donald Trump’s prices, Bitcoin (BTC) dropped to his lowest level in five months, falling as low as $ 74,500 and marking a full decrease of a third of the January 20 record.

This slide left the strategy (MSTR) marginally in the green on his Bitcoin acquisition strategy. At a total cost of 35.6 billion dollars, the company currently has an unable profit of approximately 10%, or about $ 3.9 billion on its BTC investment.

The strategy has 528,185 BTC, now estimated at $ 39.5 billion, which gives it an average cost of $ 67,458 per Bitcoin. The multiple MNAV of the company – market capitalization divided by the value of the assets – is just under 2, indicating that the shares are always negotiated to a bonus.
According to Coindesk Research, MSTR does not face any risk of liquidation even if Bitcoin falls below its cost base.

From April 2, Metaplanet (3350) revealed that Bitcoin Holdings of 4,206 BTC bought at an average price of 12,925,027 yen ($ 88,800) per room. This puts the Japanese company about 15% underwater on its Bitcoin strategy. The stock dropped by only 20% on Monday, reflecting the pressure of the slowdown.

Semler Scientific (SMLR) has also experienced losses on its Bitcoin holdings, with an average acquisition cost of $ 87,854 per BTC, according to the latest file in February.

With Bitcoin down 20% this year, Semler lost 38%, Metaplanet 15% and the 2% strategy.