Strategy's valuation has fallen below the value of its bitcoin holdings
CoinDesk 2026-06-27 12:08:14
Context: The valuation of Strategy, a firm led by Michael Saylor, has taken a significant downturn, now falling below the value of its bitcoin holdings. This shift marks a departure from previous years when investors valued the firm at a premium above its bitcoin assets. The change in valuation has implications for the firm's ability to raise capital.
Key Facts
- For years, investors had valued Strategy well above its bitcoin holdings, providing the firm with massive flexibility to raise capital as needed.
- The firm's valuation has now fallen below the value of its bitcoin holdings, a significant reversal from its previous premium valuation.
- Michael Saylor and his team had taken full advantage of the firm's previously high valuation to raise capital as needed.