Strategy holds 846,842 BTC worth $54.3 billion, faces $9.7 billion unrealized loss

Debate around the $40,000 to $50,000 range escalates

Crypto analyst Michaël van de Poppe has fueled the discussion on price expectations with his commentary circulating widely on social media. According to van de Poppe, when the majority of the market sets its sights on the same correction levels, those targets often fail to materialize.

Michaël van de Poppe observed that “everyone now wants to buy Bitcoin between $40,000 and $50,000. Previously, when Bitcoin traded near $85,000, many people were hoping to buy at $60,000. When expectations become too widespread around a certain level, the likelihood of reaching that level can diminish substantially.”

Instead of pinpointing a specific price target, van de Poppe’s analysis underscored how market psychology is shaping trading positions. Recent price movements in Bitcoin have accentuated the divide between those anticipating a sharper pullback and those opting to accumulate at prevailing levels.

Frequent references to the $40,000–$50,000 band in social media posts suggest some market participants believe that overly common expectations for this range may actually reduce the chances of a strong drop. The ongoing debate remains in the spotlight, influenced by developments both in macroeconomic conditions and institutional activity.

Strategy’s post revives speculation on further purchases

Market attention is also focused on Strategy, the company formerly known as MicroStrategy. Michael Saylor’s recent post sharing the company’s Bitcoin holdings chart—with the remark that “it looks better with more points”—has sparked renewed speculation. Past updates like this have sometimes preceded announcements of new Bitcoin acquisitions, raising interest in Saylor’s latest share.

Strategy has earned recognition as a US-based company holding a significant amount of Bitcoin on its balance sheet. Its accumulation policy is frequently cited as a model among institutional investors gauging their approach to Bitcoin.

According to data shared in the update, Strategy currently holds 846,842 BTC. The estimated market value of these holdings is around $54.3 billion, while the average purchase price per Bitcoin is quoted at $75,658.

The data also indicate that Strategy’s total investment now stands at $64.07 billion. As a result, its unrealized loss is estimated at approximately $9.7 billion, equating to a roughly 15% paper loss. Despite these figures, Strategy continues to rank as one of the world’s largest institutional holders of Bitcoin.

Following the latest post, all eyes are on the company for any potential official announcement regarding additional Bitcoin purchases. In the broader crypto market, investors remain focused both on possible pullback levels and on shifts in institutional demand.