The post $40B erased in 4 months: Is Strategy’s Bitcoin bet backfiring? appeared on BitcoinEthereumNews.com.

For years, Michael Saylor’s Strategy has been seen as either brilliantly bold or dangerously reckless for its heavy bet on Bitcoin [BTC]. Now, that bet is under serious pressure. Recent data from The Kobeissi Letter shows that the company’s Bitcoin [BTC] holdings are sitting on more than $3.5 billion in unrealized losses. In just four months, nearly $40 billion has been erased from its crypto portfolio, one of the toughest challenges yet to Saylor’s conviction in holding Bitcoin through extreme volatility. Beyond the drop in prices, the deeper concern is how this strategy might impact corporate treasuries across the broader industry. Is Bitcoin’s price the reason behind this? Strategy’s losses are directly tied to Bitcoin’s recent crash. At the time of writing, CoinMarketCap data showed BTC trading at $70,849.57, down 6.61% in a single day and 19% over the past week. For a company whose core strategy revolves around Bitcoin, such declines have dealt a significant blow to its financial health. Consequently, Strategy’s stock also dropped, slipping to $129.09, a 4.17% decline. Still, despite these setbacks, Strategy remains the largest corporate holder of Bitcoin, with about 713,502 BTC in its portfolio. The Saylor playbook under pressure But other companies that copied this strategy are now feeling the impact too. At press time, MARA Holdings Inc. stock fell 8.51%, holding around 53,250 BTC, and hasn’t locked in losses yet, but pressure is building. Then, Metaplanet, often called Asia’s MicroStrategy, has dropped 30%. Additionally, its 35,102 BTC holdings are down about 34%. Riot Platforms was no exception, as its stock fell by 7.82% while holding 18,005 BTC. Together, these declines show that Saylor’s Bitcoin-focused strategy is being tested across the industry, not just at Strategy. Current market conditions draw concern  Market sentiment has turned sharply negative. The Crypto Fear and Greed Index…

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Filed under: News - @ February 6, 2026 3:27 am