Michael Saylor’s Entire $64 Billion Bitcoin Pile Is Underwater, So What Happens Next?

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Bitcoin (CRYPTO:BTC) traded at $68,400.40 as of 11:19 AM ET on November 13, 2026, down 4.58% over 24 hours. That is below the average cost of $75,456 per coin paid by Strategy Inc. (NASDAQ:MSTR | MSTR Price Prediction). As a result, all 850,364 of the company’s bitcoin, bought for $64.16 billion, are now worth less than they cost.

The drop took bitcoin below its November 12 close, which was already its lowest close of the past 30 days. It also left the coin far from its $126,080 record from October 6, 2025. Even Strategy Inc.’s latest purchase is losing money: 1,036 BTC bought for $81.9 million at an average of $79,012 between November 2 and November 8.

Shares of the company led by Executive Chairman Michael Saylor fell to $110.09, down 3.78% on the day. The stock is down 27.66% over one month and 50.99% over one year.

Four Pressure Points Hit Bitcoin at Once

Selling began in the stock market. According to CNBC, the Nasdaq fell as Nvidia kept sliding. Yahoo Finance reported that rising wholesale inflation weighed on the S&P 500 and Nasdaq. Wholesale inflation tracks the prices producers charge, so a hotter reading makes interest-rate cuts less likely. On risk-off days like this, investors cut back on volatile assets, and that usually hits growth stocks and bitcoin together.